Cramer's Lightning Round - The Cheapest Manufacturing Company (11/2/09)

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

Bullish Calls:

Johnson Controls (JCI): "Alright, Johnson Controls is the cheapest manufacturing company that I own. They were very conservative in their guidance. Buy, buy, buy."

Research in Motion (RIMM): "I thought the downgrade should have been made 20 points ago… you have a 14 times earnings stock in the $50s. I am not going to back away from it at this level. I would rather buy it than sell. It is really down a lot."

Warner Chilcott (WCRX): "I think that it is so much like Chattem Inc. (CHTT) because of this acquisition… I am using a $30 price target for Warner Chilcott. I would buy it aggressively right here at $22... aggressively."

Hewlett Packard (HPQ): "Hewlett Packard does not come down for one minute…not one minute. It is an amazing, amazing company run by a fantastic CEO, Mark Hurd, I do not want to buy it up here. It has got to cool off a little

Berry Petroleum (BRY): "Berry reminds me very much of Encore which got a bid from Denbury Resources Inc.… I would not back away from Berry. I like Berry very much."

Bearish Calls:

Valueclick (VCLK): "Boy that really is a dog. That was one of the ugliest quarters… the worst guidance. I have got to tell you something… that one is… they had better redeem themselves."

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