Cramer's Lightning Round - First Solar's Day in the Sun (5/8/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday May 8.

Bullish Calls:

Scientific Games (NASDAQ:SGMS): "It does has a hammerlock on lotteries. I think lotteries are a terrific, terrific business. It's come down dramatically, and I want to buy the stock... buy, buy, buy!"

Qualcomm (NASDAQ:QCOM): "I say buy QCOM before its earnings accelerate. It's got a great deal with Nokia, it's solving its legal problems with Broadcom, The business is strong, it's got 4G coming. I think QualComm is a screaming buy!"

ON Semiconductor (ONNN): "I think that's better than Sigma... They just reported a quarter, and the quarter was knockout.

Fuel Systems Solutions (NASDAQ:FSYS): "I know this is going to seem a little counte- intuitive, but it's going to be up again on Monday, because people weren't even focused on it. It was up $5, but it's got further to run...don't wait for a pullback."

First Solar (NASDAQ:FSLR): "I know First Solar is up 50 straight points. I frankly don't care. I think First Solar had a remarkable quarter...I say stay long."

Bearish Calls:

GigaMedia (NASDAQ:GIGM): "I do not recommend individual Chinese stocks on this show, because they do not make us money, and they've betrayed us on another date."

Novartis (NYSE:NVS): "No. I have really, really eliminated most of the drug stocks I talk about, unless they have a dramatically-high yield."

Sigma Design (NASDAQ:SIGM)

Agilent Technologies (NYSE:A): "It has been a terrible stock. It has now ramped dramatically. It is catching up with a lot of other companies. I'm going to have to say, don't buy, dont' buy... After that huge ramp, I need a bit of a pullback."

Interpublic Group (NYSE:IPG): "I think IPG is going to be a very, very late player in this game. It's come back nicely, but I want to sell it...advertising is not turning around."

Smith & Wesson (NASDAQ:SWHC): "We had a double We left it. We never looked back...don't buy."

Yingle Green (NYSE:YGE): "Stay away from individual Chinese stocks."


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