Cramer's Lightning Round - The Speculative Pick of the Year (10/2/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday October 2.

Bullish Calls:

Huntington Bancshares (HBAN), Niagara Financial (FNFG): "We've got a couple of upgrades in HBAN...speculative pick of the year. I know there are some properties going on sale in that area; I think HBAN has raised enough capital to be able to contribute. First Niagara is making a nice move off of its $12 offering. I am giving you a two-fer: HBAN and FNFG."

Allergan (AGN): "Is on fire...I think what they make is not just Botox but they have a lot of products against obesity, dry eye...I think the business is strong, and I want to buy Allergan."

Honeywell (HON): "You couldn't get a better company to play with, dynamite of business... a fantastic plethora of businesses, good yield, solid company. I say Honeywell is terrific."

Bearish Calls:

Advanced MicroDevices (AMD): "Take a little off the table, but having said that, I think at $5 it goes higher, but I wouldn't pull the trigger right here (at $6)."

Jacobs Engineering (JEC): "It's now becoming clear that Congress can't do enough for infrastructure...I would sell..I think the next move of that stock is a continuation of weakness."

Tsakos Energy Navigation (TNP): "TNP, it used to stand for Take No Prisoners. Not anymore. Now it stands for sell sell sell."

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Comments

[GimliJan:]

It amazes me that in spite of all the evidence showing we are in a major economic depression, major shift in world economic power to the third world countries and a paradigm shift in US consumers spending habits, that we have "experts" and "insiders" still insisting we are in a "Bull" market and will continue to go up. I almost fell out of my chair at Cramer's recommendation of Honeywell. Yes it is a very well run company with a diverse number of business segments. However it is first and foremost a technology company focused on manufacturing specialty materials for the aerospace industry. Period! It is one of the largest Defense Contractors in terms of dollar size of contracts, number of employees on those contracts and materials sold to support those and other defense contracts. With the government looking to slash defense spending and the aerospace industry in decline on new and existing orders for planes, how does he think Honeywell will "Grow" it's sales/revenues?

Oct 05 08:57 AM