Jim Cramer's Lightning Round Stock Picks 08/02

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Includes: A, ACAS, AMKR, AUY, BIIB, BMRN, CHS, COST, DEO, ELN, GW, IIP, JCP, MSFT, MYOG, NHWK, PTRY, TASR, UAL
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday August 2. Click on a stock ticker for more analysis:

Bullish calls:

Agilent Technologies (NYSE:A)
Costco (NASDAQ:COST):
'It's now pulled back to $51 ... I think I want to do a little schnitzel here. COST - one thumb up'
Internap Network Services (IIP)
Myogen (MYOG)
BioMarin Pharmaceutical (NASDAQ:BMRN):
'... BMRN just reported a monster guide up ... buy BMRN!'
Yamana Gold (NYSE:AUY): 'This is the #1 gold company in my universe! It's got Brazil and Argentina assets.'
Microsoft (NASDAQ:MSFT): 'MSFT is done going down! It doesn't mean it's necessarily going to go up, but I do believe that you've got a floor in MSFT.'
American Capital Strategies (NASDAQ:ACAS): 'I've always liked the dividend. The stock has always have some critics ... I'm bucking the critics.'
NightHawk Radiology (NHWK):'...they ship the x-rays down to Australia. I think that it was a good quarter. People don't think it's proprietary enough ... the chief accountant left; that scared people. I'm not scared. I like NHWK!'
Continental Airlines (NYSE:CAL): 'I actually broke every single one of my rules when I recommended CAL at $28, because I couldn't take the pain. I think CAL is still a buy, but I did get it wrong.'
J.C. Penney (NYSE:JCP): '... a monster good buyback. I bet you he delivers on the comp sales.'
Diageo (NYSE:DEO): 'two thumbs up!'
Biogen Idec (NASDAQ:BIIB)
Pantry, Inc. (NASDAQ:PTRY):
'That stock has come down for no reason; I like it. I still think Home Depot (NYSE:HD) might buy it.'

Bearish calls:

Amkor Technology (NASDAQ:AMKR)
Grey Wolf (GW):
' ... GW has had too much of a move. I would wait for it to pull back and, only then, would I pull the trigger.'
Chico's (NYSE:CHS): 'You know, I was so wrong with CHS, that I feel like I put my neck in a noose.'
Taser (NASDAQ:TASR): 'I don't like their financials here at all.'
Elan (NYSE:ELN)

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