Jim Cramer's Mad Money Lightning Round Picks, Aug 9

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday August 9. Click on a stock ticker for more analysis:

Bullish calls:

Bank of America (BAC): 'I think BAC goes back to $49. Only then would I pull the trigger.'
Schlumberger (SLB): 'I think that SLB is a great stock; let it come in. I would buy that stock at $63.'
Sears Holdings (SHLD): 'A lot of people are worried about SHLD... I know they report next week; I know everyone's fretting... I don't play scared. I'm sticking with SHLD, and I'm going to do a 'mon-back if it gets hit.'
Exxon Mobil (XOM): 'Can you believe that stock making new highs every day?... I think their internal forecast is now $28 (a barrel for oil)...'
IAC/InterActiveCorp (IACI): '... Because they've got the Lending Tree, and that's much less likely to get your head cut off.'
Rentech (RTK): I think that RTK and Rendell are both going to make that technology work....that I think can take coal and make jet fuel out of it. I'm for that.'
Gymboree (GYMB)
The Children's Place (PLCE): 'GYMB and PLCE are my favorites and that is in the junior, junior, junior apparel.'
Johnson Controls (JCI): '... just announced a gigantic, gigantic layoff. Two thumbs up JCI.'
Zimmer Holdings (ZMH): '...they had the best quarter of that whole lot.'
Mirant (MIR): 'I think MIR is worth a lot more than what it's selling for.... it's come back from the dead.'
Black & Decker (BDK): '... inch by inch, slowly BDK falls. At a certain point, you have to buy this. It's got 10% long-term growth; it's got a 9 P/E. It is so ugly and out of favor that I am saying right here, right now, at $60, I'm pulling the trigger and going to 'buy,' and at $60, I will stay with it for the next cycle.'
MetLife (MET)

Bearish calls:

Mylan Laboratories (MYL)
LoopNet (LOOP): 'I don't like the real estate market.'
Countrywide Financial (CFC)
Lennox International (LII)
Atmel (ATML): 'The guys are talking about doing a bid here. I mean, c'mon. I'm scared of that one. I want you to sell ATML; I think the play's been made.'
Medtronic (MDT)
Citi Trends (CTRN): 'CTRN was a great story. The story has peaked.'
New Century Financial (NEW): 'I happen to like NEW but, after today's unbelievable disappointment with Accredited Home Lending (LEND), a first class blowup, I am scared of NEW.'
Solexa (SLXA): '... after the speculative bubble broke on May 11th, it's been very hard for me to recommend it.'
Sara Lee (SLE): 'Nobody likes SLE!'
Prudential (PRU): 'No! They missed it.'
TurboChef Technologies (OVEN): 'No, no! People sticking their head Sylvia Plathways in that stock. You don't want to touch that.'

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