Cramer's Lightning Round - Motorola Shocker (7/30/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday July 30.

Bullish Calls:

Motorola (MOT), Apple (AAPL): "I was shocked Motorola could make money...I would buy Motorola on any pullback...It's still getting smoked by Apple at a 52 week high, a thing of beauty."

Scott's Miracle Gro (SMG): "...up 20% - remember it is a seasonal situation. Don't own it in the fall...it is a winner, and we don't sell winners."

Best Buy (BBY): "I'm liking Best Buy for market share purposes. U.S. economy is coming back ....it's best in show... I think that is a good situation."

Bearish Calls:

Occidental Petroleum (OXY): "Well-run oil company... oil is going up...I prefer it to the vast majority of oil companies...but I do like yield, and it doesn't have a great yield...let's put it in the 'don't buy don't sell' category because it's had a run."

Allied Irish Banks (AIB): "We do not buy the common stock of any Euro bank. We buy the preferreds.."

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Comments

[tiger71:]

Can anyone explain why we would buy the preferred stock over the common on a stock like AIB? Is it due to the dividend? The stock seems to be making some ground up in the past 3-5 months.....why bother with the dividend if you can maybe double your money like some did with AIB.

Aug 02 08:56 PM