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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday May 20.

Bullish Calls:

Asbury Automotive Group (NYSE:ABG), AutoZone (NYSE:AZO): "You can still buy Asbury. I feel the same way about AutoZone. This group has been quietly undervalued. It is driving me nuts."

CarMax (NYSE:KMX): "Here's the skinny with this stock. It is still inexpensive and I want to own it."

Radian (NYSE:RDN) and Genworth (NYSE:GNW): "These are good."

Penn National Gaming (NASDAQ:PENN): "I like those stocks. That goes higher."

Linn Co (NASDAQ:LNCO): "I recommend Linn Co. That is one you don't have to have all of those crazy forms for (regarding taxes and investing for IRAs)."

Cheniere Energy (NYSEMKT:LNG), Dominion (NYSE:D): "Other than Cheniere, there will not be another natural gas export facility built in the country in this decade. LNG is the way to play that. Dominion is the way you play the utility side (of natural gas)."

Bearish Calls:

MGIC Investment Corporation (NYSE:MTG): Cramer prefers Radian and Genworth.

ALPS Alerian MLP ETF (NYSEARCA:AMLP): "I don't know the fee structure for that. (Cramer prefers Linn Co)."


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Source: Cramer's Lightning Round - Undervalued Automotive Stocks Are Driving Me Nuts (5/20/13)