Cramer's Lightning Round - Palm Is a Long-Term Winner (10/7/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday October 7.

Bullish Calls:

Palm (PALM): "I think that once Palm gets applications, you're in good shape. Palm is a long-term winner in the internet tsunami.. I bless it! that's a speculative stock. I don't want you to put all of your eggs in one basket. That's important."

Johnson Controls (JCI): I've been buying Johnson Controls up a dollar today because I want to play the auto build."

Skyworks Solutions (SWKS): "I have done my best to try to figure out what's dogging the stock, because they pre-announced better in September... I say, we want to see what the quarter is... In the interim, I don't like the way the stock acts. I think it's okay."

Kinder Morgan Partners (KMP): "...yields 7% and I think is much better than Allete."

Alcoa (AA): "Alcoa just reported the first good quarter that I've seen in ages. I think the stock's got upside... Alcoa, I think, can trade... yes... to the high teens."

Medifast (MED): "Medifast fits exactly the profile we want in Obamacare. It is a point from its 52-week high. I like it...I'd like it to come down though... don't buy, don't buy... before I pull the trigger."

Bearish Calls:

American Axle (AXL): "I would be careful with yours, because I know a $6 stock is tempting, but... don't buy, don't buy.."

Allete (ALE): "I am familiar with them, and it's got a yield that is less than Kinder Morgan Partners...I'll say no to that. Sell, sell, sell."

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Comments

[maximaboy:]

Amazing that Cramer continuously said don't buy Alcoa when it was in the $6's, but now at $13 he says buy? Glad I didn't listen and got the money between $6 and $13...Cramer, you were dead wrong...again!

Oct 08 08:51 AM

[Gravity404:]

He's wrong about Palm too. How many people do you know that use a Palm? I used one in 1998 before I got a BB.

Oct 08 10:29 AM

[Zeb Racer:]

Jim Cramer is great.

But JIm Cramer is dead wrong on the Medifast call.

Obviosuly forensic accounting and Multi-Level Marketing model homework not done.

Cramer has retracted mistakes in the past.

Medifast Stock and Financials are like a Hot Dog - Tasty

it tastes great, but you don't want to know the ingredients ... nor the consequences.

"Kid, you're on a roll. Enjoy it while it lasts, 'cause it never does."

 Lou Mannheim (Hal Holbrook), Wall Street
www.youtube.com/watch?......

Stay Financially Fit and Avoid Medifast Stock.

Oct 09 11:53 AM