Jim Cramer's Lightning Round Stock Picks 7/31

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday July 31. Click on a stock ticker for more analysis:

Bullish calls:

Nokia (NOK): 'NOK is not bad below $20. I'm giving it a solid bull.'
Garmin (GRMN)
Global Imaging Systems (GISX): 'it's still a cheap stock. This is an imaging solutions company that is off of everybody's radar screen. GISX is for me.'
Southern (SO): 'Because my man, Uncle Ben Bernanke - he likes a good solid slowdown - and that's when SO shines. 4.5% yield, good business model. You rock and SO rocks!'
Glaxosmithkline (GSK): 'That's one great stock.'
MetLife (MET): 'I've been right as rain on MetLife...just a point off its 52-week high, and I am reiterating that you must own that stock. Buy, buy, buy!'
Prudential (PRU): 'I think MET and PRU (Prudential) have been my two favorites.'
Allstate (ALL): 'I've added ALL to the prize list.'
Genzyme (GENZ)
Black & Decker (BDK): 'Really miserable quarter, but I bet it does come back, so I'm pressing the bull button here.'
Wild Oats Markets (OATS): 'WFMI reported a number where the revenues were a little light. You know that's going to take OATS down to $15. At $15, I may just want to pull the trigger, but let's see what happens.'

Bearish calls:

Rackable Systems (RACK); 'This is a first-class torture chamber. I think the guys are all done selling it, but I would do a Don'tBuyDon'tBuy.'
Brunswick (BC): 'Do not collect $200. Sell, sell, sell! BC missed the quarter. It's the boat building business that is not for me right now.'
International Paper (IP): 'this could be the 741st bad quarter that IP reports in a row.'
Alkermes (ALKS): 'ALKS is a serial under performer.'
Wal-Mart (WMT): 'No! No! We can't touch WMT - it's going lower.'
First Data Corp (FDC): 'I think FDC is too cheap, but they don't want to want to spin off the Western Union because of the poor numbers. I say we hold onto it, but we 'don't buy, don't buy.'

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