Cramer's Lightning Round - Betting on MasTech (5/20/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday May 20

Bullish Calls:

BP (BP): "BP's got a great yield. I think it's safe. As long as oil is staying around $50, that yield will be safe."

Diana Shipping (DSX), Frontline (FRO), Nordic American Tanker (NAT): "I actually think that Diana Shipping has a better balance sheet (than Eagle Bulk). I would suggest swapping out of yours and going into Diana...Frontline has a better balance sheet (than Eagle), even though it is not dry bulk, and Nordic American Tanker with Herbjorn (Hanssen, CEO)."

NYSE Euronext (NYX): "My take is that NYX is a buy! It's a buy! Remember, I recommended it all the way up and then all the way down, and then I pulled the trigger at $60, and now I've got bonafides by recommending it in the $20s."

MasTec (MTZ): "That's an Obama play and I like it. They are going to rebuild infrastructure, utilities. I am not betting against Obama, so I am betting with MasTec."

Bearish Calls:

ING Group (ING): "I do not believe that bank is as good as a lot of the Canadian banks. If you want a foreign bank, I'm going to send you to Brazil, I'm going to send you to Canada, I'm not going to send you over to Europe."

Petrohawk Energy (HK): "You know, I have so many great energy companies that I'd rather see you in."

Coventry Health Care (CVH): "I am frightened of anything healthcare... frightened... because he (President Obama) obviously does not like healthcare, including managed healthcare."

Massey Energy (MEE): "I just believe that the President, who doesn't even seem to want to get behind natural gas, is certainly not going to get behind coal. And I can only take China so far as a coal play... I am suggesting that MEE... sell, sell, sell."

Eagle Bulk Shipping (EGLE)

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

[Eugen:]

But if you already have ING shares what should you do?
Hold or sell?
Thank you for your advice.
Eugen

Jul 17 07:55 AM