Cramer's Lightning Round - General Cable Is Back and Bigger than Ever (5/1/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday May 1.

Bullish Calls:

Staples (SPLS): "...is best of breed."

Office Depot (ODP)

General Cable (BGC): "They're back, they're bigger than ever. This is the beginning of that move. I'm telling you, don't be dissuaded. I think there's another 10 points... buy, buy, buy!"

Travelers (TRV), Chubb (CB): "Travelers is my favorite insurance company in the world!"

Corning (GLW): "I want to stick with Corning! Everybody's just a seller! Everytime there's a 35-cent move, they're a seller. Not me, I'm a buyer."

Skyworks (SWKS): " I'd rather see you buy SWKS."

Cypress Semiconductor (CY)

Temple Inland (TIN): "I feel like I missed it. We caught it the first time around."

BP (BP): "why not take that big, juicy... dividend from BP plc"

Bearish Calls:

CBS (CBS): "right now... You have a more than 50% gain... you sell all of your gain... all of it... then the rest of it is what's known as the "house's money"... and you don't touch it."

Metlife (MET): "No, no... As much as I happen to love the company... The company's a terrific company in terms of policy holders. The stock is a total bear... sell, sell, sell!"

Prologis (PD): "It's had a monster move off the bottom. Sell, sell, sell."

RF Microdevices (RFMD): "Sell, sell sell."

Neutral Tandem (TNDM): "That is at a 52-week high. It's had an absolute monster move...sell, sell, sell."

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[Norman Lepo...:]

If you like to lose money, listen to Cramer.

Boycott CNBC. Watch Fox!

May 04 10:39 AM

[Victhom:]

"Iam buying BP, right here, right now. The dividend is safe at $50 oil."

Funny Jim But BP CEO says dividend is safe only at $60???

keep pumping Jim???

www.thestreet.com/stor...

May 04 01:08 PM

[NBOC:]

He seems to have a personal grudge against Met.

May 04 03:31 PM

[Victhom:]

I guess Jim that BP will go much lower if Oil goes below $50??? Dividend may be cut??? because BP need to borrow $$$ to pay dividend below $60....that's what CEO said.....

"He projected that prices would fall back toward $50 a barrel soon, which could mean lower pump prices."


Oil slips to near $58 as signs of weak economies in US, Europe slow recent rally
Pablo Gorondi, Associated Press Writer
On Friday May 15, 2009, 6:44 am EDT
Buzz up! Print Oil prices slipped to near $58 a barrel Friday as signs of economic weakness in the U.S. and Europe led investors to consider whether this month's crude rally was justified.

Benchmark crude for June delivery was down 53 cents to $58.09 a barrel by midday in Europe in electronic trading on the New York Mercantile Exchange. On Thursday, the contract climbed 60 cents to settle at $58.62.

In London, Brent prices were down 49 cents to $58.10 a barrel on the ICE Futures exchange.

Oil recently rose above $60 a barrel on optimism that the worst of the U.S. recession was over, but dismal news this week on retail sales, unemployment and housing have traders reconsidering their outlook.

European data was likewise bleak as it showed the euro zone economy shrank by a massive 2.5 percent in the first quarter, with export-dependent Germany, the region's biggest economy, particularly badly hit.

"Some of the green shoots are looking like yellow weeds," said Christoffer Moltke-Leth, head of sales trading for Saxo Capital Markets in Singapore. "That's going to spill over into equity markets and have an effect on crude."

He projected that prices would fall back toward $50 a barrel soon, which could mean lower pump prices.

Investors got more evidence Thursday that global crude demand may be too weak to justify the recent run-up in prices. The Paris-based International Energy Agency cut its global oil consumption forecast for a ninth consecutive month and now expects demand to fall 3 percent in 2009, or about 2.6 million fewer barrels a day than last year.

May 15 11:41 AM