Cramer's Lightning Round - Back to the 1990s for Semiconductors

Stocks discussed on the lightning round of Jim Cramer's Mad Money TV Program, Monday March 2.

No Bullish Calls

Bearish Calls:

Taiwan Semiconductor (TSM): "No, no, no, and no… I am recommending no semi-conductor companies on this show… the industry is in complete retraction… it is back to the way it was in the 1990s."

SanDisk Corp (SNDK): "…the flash memory companies…everyone of those is a sell."

Eli Lilly (LLY): "I think the government is taking aim at big pharma…which is why I am no longer recommending any big pharma that doesn’t have a lot of growth… that is a brutal change for me… necessitated by Obama’s horrible budget."

Autodesk, Inc. (ADSK): "I don’t have any reason to recommend Autodesk… I don’t see any real momentum… I don’t see any earnings that make me want to be in it… I want to sell, sell, sell Autodesk."

Tenaris (TS): "Without a doubt one of the great companies, so let’s put that out there… but it makes piping that we need for drilling… and I think the Obama plan has destroyed what wasn’t destroyed by the decline in oil pricing."

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Comments

[buttwipe:]

Why would anyone listen to this moron he has been wrong more times then right for example PM is a screaming buy at 40. whatever....

Mar 03 11:00 AM

[donzelion:]

Listen and do the opposite, and you'll be right fairly often. Or listen to him and think, "Gee, I wish he'd said that two weeks ago when it was good advice." (I say, thinking of my position in Lilly, that has fallen from a nice 15% profit to a 20% loss).

Mar 03 06:50 PM