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

by: Miriam Metzinger

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

Bullish Calls:

Huntington Bancshares (NASDAQ:HBAN), Niagara Financial (NASDAQ: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE: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 (NYSE:TNP): "TNP, it used to stand for Take No Prisoners. Not anymore. Now it stands for sell sell sell."


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