Cramer's Lightning Round - The Best Generic Drug Stock (1/11/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday, January 11.

Bullish Calls

Teva (NASDAQ:TEVA): "...has the best generic and has proprietary, in other words prescription drugs?… I think you swap out of Mylan and get into Teva, even though it was at its 52 week high today… "

Verizon (NYSE:VZ): "As long as that yield is above 5%, I am going to continue to hound home that I think Verizon makes sense for investors… I like FiOS, I think they are going to pick up some share… I think Verizon wireless is on fire… but most importantly I liked it, and have liked it all the way down for the yield… I will get off of the Verizon bus when it yields less than 5%."

Corning (NYSE:GLW): "Corning blew up so many times… that I have not gotten people back into it… that is my bad… I see everybody raising numbers now… if I missed the Corning boat… I think that it can go to $26 .... I think that it gets trapped at $20 by options expiration at the end of the week… but I like the story, I think that you are on a winner. I wish that I had been there earlier."

Bearish Calls

3Com (COMS): "You are done… the question is answered like this… sell, sell, sell.. you have got a huge, huge win… Congratulations in 3Com… now, we try to find the next 3Com."

Mylan (NASDAQ:MYL): "No, not Mylan is just not my favorite… Why do I want to have that just old generic model...when I can go buy Teva Pharmaceutical Industries Ltd."

Sallie Mae (NYSE:SLM): "Well, Sallie Mae was my speculative stock of the year last year and I am not going to go back to the well… I still like it at $11.60... I recommended it at the $6 range, but I am not going to tell you to go buy that stock up here when I told you to buy it at $6."

Constellation Brands (NYSE:STZ): "Not my favorite, not my favorite… and that beer business though, I have got to tell you, I saw that Heineken deal with the Tecate and the Dos Equis, and that was a big deal… I would not sell here, but if it got north of $20, you ring the register and be thrilled that you got out without a big loss… because that stock has been a real bow-wow…. and nothing can change that."


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