Cramer's Lightning Round - Nucor Is the Reigning King of Steel (7/21/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday July 21.

Bullish:

Starbucks (SBUX), McDonald's (MCD): "I think that (CEO Howard) Schultz has gotten it together...he's got the gross margins going up, a whole bunch of product offerings. I am a buyer of Starbucks, but I'm not backing away from McDonald's."

Nike (NKE), Lululemon Athletica (LULU): "I prefer Nike and even Lululemon is better than Under Armour."

Huntington BancShares (HBAN), First Merit (FMER): "HBAN at 3.70 is good. This is my speculative bank stock. First Merit is also good."

Nucor (NUE): "It's being good to everybody. I would not sell a share. If it falls to 40, I would buy more. Nucor is the reigning king of steel in the world."

CVS Caremark (CVS), Express Scripts (MDRX), MedcoHealth Solutions (MHS): "I like CVS very much. I think CVS is very well run, but I prefer Express or Medco. CVS is the dominant drugstore chain in America"

Travelers Insurance (TRV): "I prefer Travelers (to AllState). It has been stuck in the mud at $40. I'm a Travelers guy."

Bearish:

Under Armour (UA): "I'm torn. Love the product, but the company has no momentum I prefer NKE, and Lulu is better than U.A."

AllState (ALL): "I like their quality product...but I'm a Travelers guy."

IMAX (IMAX): "I think it's high. It's made its move. Sell, sell, sell!"

American International Group (AIG): "No AIG is a big sell...it brings in even more suckers.. I want you to sell it and sell it and sell it again."

Cedar Fair (FUN): "I don't deserve to be able to comment on it...I blew it. I thought they were going to maintain that dividend..I didn't get it right. It was no FUN for me."

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

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

[Novice Trader:]

Cramer has cost me a lot of money. Every time I buy on one of his recommendations, HBAN, GE, BA, AAPL, RIMM, BAC, HPQ etc., the stock(s) either trade flat for months on end or spike and then tank. The only picks he's gotten right, that I’ve purchased, are SLM @ $8.54 and BAC @$11.58, the latter of which is crapping itself right now.

He's been recommending HBAN for a couple months now, claiming that “it’s oversold”, that they’re going to “blow their estimates out of the water”. Really? The market seems to think otherwise.
The first time he recommended the stock, he did so when it was above $4, it jumped up on his recommendation to $4.54 then plummeted to $3.26. When back up to above $4 he recommends it again, it jumps a bit and is now tanking again. Recently, he told a caller on his show (with HBAN above $4) that he would "double, even triple down" on the stock. Now (July 22) he's saying that it's good at $3.70, WTF, is it not good above $4 anymore?

I’ve learned a lot from this guy about trading but while I still have much more to learn, I’m learning that he’s incapable of recommending anything that’s actually a safe bet except for those stocks which that trade above $50 and might have room for 5% growth. I’d prefer to see him discuss stocks like DDR, GNW, HIG, CNO, SRZ, ETFC, FORSY, WEN (he recommended someone else over Wendy’s recently, since doing so, Wendy’s is up 22%, FITB, RF, DRYS, OCNF etc. etc. etc.

Jul 22 10:20 AM

[Novice Trader:]

Cramer has cost me a lot of money. Every time I buy on one of his recommendations, HBAN, GE, BA, AAPL, RIMM, PALM, BAC, HPQ etc., the stock(s) either trade flat for months on end or spike and then tank. The only picks he's gotten right, that I’ve purchased, are SLM @ $8.54 and BAC @$11.58, the latter of which is crapping itself right now.

He's been recommending HBAN for a couple months now, claiming that “it’s oversold”, that they’re going to “blow their estimates out of the water”. Really? The market seems to think otherwise.
The first time he recommended the stock, he did so when it was above $4, it jumped up on his recommendation to $4.54 then plummeted to $3.26. When back up to above $4 he recommends it again, it jumps a bit and is now tanking again. Recently, he told a caller on his show (with HBAN above $4) that he would "double, even triple down" on the stock. Now (July 22) he's saying that it's good at $3.70, WTF, is it not good above $4 anymore?

I’ve learned a lot from this guy about trading but while I still have much more to learn, I’m learning that he’s incapable of recommending anything that’s actually a safe bet except for those stocks which trade above $50 and might have room for 5% growth. I’d prefer to see him discuss stocks like DDR, GNW, HIG, CNO, SRZ, ETFC, FORSY, WEN, FITB, RF, DRYS, OCNF etc.

Jul 22 10:44 AM