Cramer's Lightning Round - The Cheapest Bank Stock on Earth (11/24/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday November 24.

Bullish Calls:

JP Morgan (NYSE:JPM): "How can Jamie Dimon not get his due? How can people not be buying this stock? It will get its dividend. It is the cheapest bank stock on Earth. Now that is a statement."

Royal Dutch Shell (NYSE:RDS.B), BP (NYSE:BP): "Shell? You've got horse sense...why have I not been recommending Shell? That's my bad. I own BP. Royal Dutch is really good too."

RF MicroDevices (RFMD), Tellabs (NASDAQ:TLAB): "It has been delivering the numbers. It is way too cheap. Tellabs is too cheap. This mobile internet tsunami is alive and well."

People's United Financial (NASDAQ:PBCT): "People's United will never be defeated. That rocks. That acquisition was brilliant. The yield is fine. This is the most conservative bank in America. It should be celebrated and not denigrated."

Flextronics (NASDAQ:FLEX): "This is another misunderstood story. People are selling, they should be buying. Is there anyone not listening to Mark Hurd of Hewlett Packard (NYSE:HPQ)? Business is good!"

Decker Outdoors (NASDAQ:DECK): "You probably have a good gain on Deckers. Don't be greedy. Footwear is having an unbelievable holiday season so far. We have to see how it does the next 3-5 weeks. I think it is going to be good. I urge you to stay in Deckers."

Riverbed (NASDAQ:RVBD): "A lot of insider buying. I have historically liked this stock. They lost some contracts. This is an expensive stock. But I would stay in it."

Bearish Calls:

KFF Financial (KFN): "I do not share your enthusiasm. I can't make a judgment. I don't know what they own. This one is too hard for me. I don't know what is in it. I will never know."


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