Jim Cramer's Mad Money Lightning Round Stock Picks, Aug. 22

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Includes: AMD, ASEI, ATHR, BJRI, BJS, BRL, CLX, COF, DHT, DSX, F, GKIS, GRMN, LLL, MCD, MRK, NFB, NVT, PFE, RHHBY, VAR, VLO
by: Abbi Adest

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday August 22. Click on a stock ticker for more analysis:

Bullish calls:

McDonald's (NYSE:MCD)
BJ Services (BJS)
Merck (NYSE:MRK)
Pfizer (NYSE:PFE)
Varian (NYSE:VAR)
L3 Communications (NYSE:LLL)

Valero (NYSE:VLO) : "People think Valero has had it. ... They are wrong."
Capital One Financial (NYSE:COF)
Advanced Micro Devices (NYSE:AMD)
Clorox (NYSE:CLX): "The fundamentals are good."
Double Hull Tankers (NYSE:DHT)
Garmin (NASDAQ:GRMN): "Consolidating after the split, and I am gonna stay long Garmin."
Amgen (NASDAQ:AMGN)
Ford (NYSE:F): "Right here, right now I am going out positive on Ford. I want you to stick with it."

Bearish calls:

BJ's Restaurants (NASDAQ:BJRI): "When you got McDonald's (MCD) stuck at 35 with good numbers you bring me BJ's?"
Barr Pharmaceuticals (BRL): "Not when Merck [is] running. Not when now Pfizer is Pfizer... And don't forget, Schering-Plug (SGP).
American Science & Engineering (NASDAQ:ASEI): "Third-best of breed." Varian and L3 are better than that, Cramer said.
North Fork (NFB): "What are you, an arbitrager? ... C'mon, you ring the register. I like COF (Capital One Financial), which is what that is gonna become."
Atheros Communications (NASDAQ:ATHR): "I got enough problems recommending Advanced Micro. I'm sending you right now to AMD."
Diana Shipping (NYSE:DSX): Cramer suggested Double Hull Tankers (DHT - news - Cramer's Take) instead
Navteq (NVT): "You're buying worst of breed."
Genentech (Private:DNA)
Gold Kist (GKIS)

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