Cramer's Lightning Round - Let's Buy Some Bunge (8/11/09)

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Includes: ADM, ATI, BAC, BG, BMY, HAR, JNJ, NWS, TEN
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday August 11.

Bullish Calls:

Johnson&Johnson (NYSE:JNJ), Bristol Myers Squibb (NYSE:BMY): "BMY has got a 6 percent yield, I shouldn't have sold JNJ...I wanted to make a swap for BMY. JNJ is fine, it is really well run....I just like BMY more."

Bunge (NYSE:BG): "This was down 4.80 on an equity offering. Let's buy some Bunge."

Bank of America (NYSE:BAC): "I'm reloading, I'm charged up...all the sudden everyone is selling the bank stocks...I would be a buyer of BAC and wait until it gets to 13. I would then pull the trigger again."

Bearish Calls:

Tenneco (NYSE:TEN): "This is a difficult one; every one of these companies has flown. I think the move has peaked for the moment. I want to ring the register."

Archer Daniels Midland (NYSE:ADM): "They had a good quarter. I would use that as an opportunity to sell. It doesn't know what it wants."

News Corp (NASDAQ:NWS): "I don't like media companies. This one has had a really nice move."

Allegheny Tech (NYSE:ATI): "I can't think of a reason in the world to recommend that stock until the Dreamliner is ready...that was the stock of the year in 2006."

Harman International Industries (NYSE:HAR): "You just had a big run after a takeover talk..I think it is up too much. I would buy it back at 20."

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