Cramer's Lightning Round-Youth Apparel Stock Are Worn Out (5/5/09)

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Includes: ARO, BAC, BEAM, C, CMI, CREE, CVX, HMA, HOTT, ICLR, JPM, LGF, NAT
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday May 5.

Bullish Calls:

Bank of America (NYSE:BAC): "If you want to speculate in banking, I will say that you can speculate in Bank of America which I think is a better bet than Citi."

JP Morgan (NYSE:JPM): "If you don't want to speculate, you own JP Morgan...(CEO Jamie Dimon) is really a terrific, terrific manager."

Chevron (NYSE:CVX): "They did not deliver the quarter that I wanted. They did not raise the dividend like I wanted. They are finding a lot of oil, but it was a disappointing quarter...in the end, if they're finding more oil - which Chevron is - and they get their costs down - which Chevron's doing - you will find a great quarter buried within a very cheap stock. So I say buy, buy, buy."

Frontline (FO), Nordic American Tanker (NYSE:NAT): "You want to be a buyer of Frontline... It's putting the money in to be able to retain its balance sheet. By the way, Nordic American Tanker reported a dynamite number today. Its stock was up $1 at one point. I still believe in it."

Bearish Calls:

Lions Gate Films (NYSE:LGF): "Too speculative... I don't need that... Don't buy, don't buy."

Citigroup (NYSE:C): "Citi common stock (price) is too high."

Cree (NASDAQ:CREE): "I've been wrong on CREE, and I don't feel like I have any standing to comment on it. I basically have missed the move."

Cummins (NYSE:CMI): "It's just too linked to the part of the economy that has not rebounded yet. We know it's a great company ...it's still too early in what's known as "the turn in the cycle"... to recommend CMI. I can't do it."

ICON (NASDAQ:ICLR): "Yeah, that's the company that does the medical testing... You know what?... I am not a believer in that business."

Health Management (NYSE:HMA): "That stock has had a nice run, and I've got to tell you... I am worried about it... this particular regime that we've got right now with the President. I don't want to go there."

Hot Topic (NASDAQ:HOTT), Aeropostale (NYSE:ARO), American Eagle (NYSE:AEG): "That apparel group... that youth apparel group... has had a very big run. I would ring the register."

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