Cramer's Lighting Round - When Copper Drops, Buy Southern (4/20/09)

by: Miriam Metzinger

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday April 20.

Bullish Calls:

Texas Instruments (NYSE:TXN): "I like the semi-conductors. They were down 4.5% today. I think that you probably want to pull the trigger, but I would be sentenced to hedge fund hiatus if I did not say that I need to listen to the conference call first."

AT&T (NYSE:T): "I like that stock that down at $25 more than I like Verizon at $31... AT&T is cheaper, I think that the company is really into an explosive ramp… you get that great yield; I think that the yield will be boosted. I say pull the trigger."

Hewlett-Packard (NYSE:HPQ): "I prefer Hewlett Packard (to Microsoft)."

Southern Peru Copper (PCU): "I have been looking at PCU and thinking boy that stock has just made a great move, but on a pullback I like PCU. I think that copper stocks are going to have a much deserved pullback… and you want to be a buyer not a seller."

Joy Global (JOYG): "I do not want to buy it until it is under $20... and under $20 I feel like I can give you some caution that it will be less of a trade and more of an investment… but my bias is to own it not to sell it."

Bearish Calls:

AirTran Holdings (AAI): "I want you to ring the register my friend… we never recommend airlines on this show… because we actually like to make people money, not lose them money."

Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC): "I think that Microsoft can trend higher, it is not my favorite… nor is Intel. I do not have any catalysts that are going to get Microsoft moving that much, but I want you to wait until at least $20 or $22. I don’t want you to just ring the register and say goodbye."


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