Jim Cramer's Mad Money Lightning Round Picks 7/7

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday July 7. Click on a stock ticker for more analysis:

Bullish calls:

Transocean (RIG): 'This group is under tremendous siege. ... I remain bullish.'
Nabors (NBR): 'I own Nabors ... Do not give up on this group.'
Valero (VLO)
Walter Industries (WLT): 'If you want a play like that (USG) ... I am going to send you to Walter."
Enbridge (ENB)
Nucor (NUE)
AT&T (T): 'I will send you to the House of Pleasure, which is actually, believe it or not, AT&T.'
Lowe's (LOW)
Southwestern Energy (SWN): 'I am sending you to Southwestern Energy, which has just as much exposure to natural gas.'
Canadian Natural Resources (CNQ): 'It's cheap, cheap, cheap. I think ... it's a buy here.'
Citigroup (C): 'I want to break up Citigroup. [CEO] Chuck Prince, tear down those banking walls!'
Ameritrade (AMTD)

Bearish calls:

USG (USG)
Intel (INTC): 'You still cannot own Intel ... They need to have new management. ... Bring back the engineers.'
Kinder Morgan (KMI): 'No, no, that's an arbitrage situation. ... That stock is played out.'
Insteel Industries (IIIN)
Sprint Nextel (S)
Home Depot (HD): 'I want to stay out of the Home Despot.' (Although he recommended this stock last Thursday, Cramer wants to know why an HD merchandising and marketing executive quit.)
Chesapeake Energy (CHK)
eBay (EBAY): 'eBay is just awful. eBay should put the whole company on eBay. ... overpaid for Skype, overpaid for PayPal. Meanwhile, Meg Whitman is the Teflon Don.'
Mentor Graphics (MENT)
St. Joe (JOE)

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