Cramer's Lightning Round - Brown Shoe Fits (1/27/10)

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Includes: CAL, CHK, JNJ, MT, NFLX
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday January 27.

Bullish Calls:

Brown Shoe Co (BWS): "Brown Shoe, historically undervalued, I used to have one of the biggest positions in the world when I was at my hedge fund… I want to buy, buy, buy… I think that was a terrific one."

Netflix (NASDAQ:NFLX): "Netflix, blow out quarter… up $7, thank heavens I decided to no longer fight Netflix… I believe that the bears on Netflix have no idea about the power of their steaming video… they ought to be smelling the coffee, the java, the VIA, the Starbucks, the triple Latte Cappuccino with skim wet… because Netflix is going higher."

Chesapeake Energy (NYSE:CHK): "I think that Aubrey McClendon runs a real good company, I believe that natural gas is going to stay at $5, $7... but you are going to make money with the company, because he has tons of assets… including Marcellus Shale, Aubrey McClendon is riding the wave of cheap natural gas.. particularly in Marcellus… I like it… giving it a couple of thumbs up."

Bearish Calls:

Johnson&Johnson (NYSE:JNJ): "There is nothing there, I have a half a dozen ones that I would rather be in than that one."

Arcelor Mittal (NYSE:MT): "Arcelor, now come on, Dan DiMicco, Nucor… putting up great numbers, give me a special dividends, unbelievable… and you come to me with that one?I want you to swap out of Arcelor Mittal and get into Dan DiMicco’s Nucor."

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