Cramer's Lightning Round - Cramer Goes LULU (3/30/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday March 30.

Bullish Calls:

Lululemon (LULU): "I was shocked that LULU had such a good quarter last week… but then again the expectations had been removed so low, that I shouldn’t have been... I think that it is a great growth story. It has just had a very big move, and I would not buy it until it pulled back at least $1.50."

KBR (KBR): "The stock has been really stuck here, to be honest. I think that KBR is an excellent infrastructure play. The whole group has come down. I would pull the trigger right here at $13."

Altria (MO): "I do like Altria if it pulls back to $15, and I would buy some more."

Cemex (CX): "This is a very tough one… it is very challenged balance-sheet wise. The largest cement company around the world, and we do not need a lot of cement ... I would sell, sell, sell it."

Altria (MO): " I do like Altria if it pulls back to $15, and I would buy some more."

Copart (CPRT): "If I'm going to be in the auction business, I want to go with my old one, Copart, which is under $30."

Monster Worldwide (MWW): "I think that company is too cheap. It is priced for people never having getting a job again. I am a buyer of Monster down here… don’t go crazy, don’t go crazy. The quarter is bad… I believe."

Bearish Calls:

Philip Morris International (PM): "My guy Sid at the newsstand is saying that he doesn’t think that anyone is going to pay $8 for a pack of cigarettes… that worries me."

Arch Coal (ACI): "....He (The President) is really hell bent against coal, so I think that coal is going to be a challenged fuel, and I am not getting behind it on the show… no way."

Ritchie Brothers Auctioneers (RBA)

Breitburn Energy (BBEP): "Worried, worried, worried… don’t trust the yield… don’t want to be in that particular energy stock."

MEMC Electronics (WFR): "People say that the chart looks good. I am more concerned about the fundamentals…they make chips for solar. I remain a bear, because I think that that business is not coming back without big government subsidies, and we don’t have enough money to subsidize anything anymore."

AutoNation (AN): "Boy, anything remotely connected to autos completely worries me. But if you ask me in that comparison, I like AutoNation, but I am still not going to recommend the stock."

Comcast (CMCSA): 'I am recommending no cable companies. I don’t like the titanic battle between FiOs and Comcast. I think that Comcast is inexpensive, but I can’t think of a catalyst to buy it… don’t buy, don’t buy...too much competition."

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Comments

[DM226:]

Are you kidding me?!?

Altria (MO): "I do like Altria if it pulls back to $15, and I would buy some more."

Philip Morris International (PM): "My guy Sid at the newsstand is saying that he doesn’t think that anyone is going to pay $8 for a pack of cigarettes… that worries me."

Mar 31 10:55 AM

[henryl:]

Yeah, DM, I am also confused by the suggestion that MO is good but PM not so good. Of course the charts are not similar, and maybe that's Cramer's crystal ball?

Mar 31 11:33 AM

[User 167773:]

I do not believe the breakout of MO and PM reflects what Cramer said on his show last night. The "my guy Sid" comment was directed at MO, not PM. While Cramer is also concerned about $8 packs of cigarettes impacting MO, he would still be a buyer if MO prices dipped to $15. Otherwise, he seemed very bullish on PM because of the dollar play....

Hopefully an editor from SA can confirm and make any necessary changes/corrections.

Mar 31 03:49 PM