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

by: Miriam Metzinger

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

Skyworks Solutions (NASDAQ: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 (NYSE:KMP): "...yields 7% and I think is much better than Allete."

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

Allete (NYSE: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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