Cramer's Lightning Round - Teekay Is Okay (3/5/10)

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Includes: ARMH, DOW, PALM, PG, SPLS, TNK, VMI
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday March 5.

Bullish Calls:

Teekay Tankers (NYSE:TNK): "I want to buy that stock…I think that you are absolutely fine… I have got no flies on that company whatsoever… I think that it is one of the better ones… I should talk about it more."

ARM Holdings (NASDAQ:ARMH): "I want you to stick with ARM… because this stock, Arm Holdings, has the absolute heart of what I regard as being the whole entertainment/storage/technology part of the economy… in other words, the heart of the mobile internet tsunami… I want to own it even at $10... stick with it, pull the trigger if you do not have it."

Staples (NASDAQ:SPLS): "I think that people are way overdone with Staples…now I am going to take this whole thing home over the weekend again, because I read through the transcript…I did not think that it was so bad… I have got to get my arms around why people hated it so much…I just did not think that it was that bad… so I am with you."

Procter & Gamble (NYSE:PG): "Listen up Sparky, this was the problem, the stock was down today which caused me to underperform the S&P 500 with my portfolio… but you know what, I do not care… CNBC had a terrific piece today about dividend boosts… I love these pieces… and Procter is going to have one… at $63 pull the trigger... buy, buy, buy."

Palm (PALM): "Palm is a speculative play...I have to tell you, if they get some applications for that phone, the Pre, I think they will be okay… I would not sell the stock here… it would be a very big mistake to sell Palm all the way down here.

Dow Chemical (NYSE:DOW): "They have done everything right… I think Dow Chemical is terrific… I think that management… I pre-judged them because I did not like how much they paid for Rohm & Haas… they have come back… they have done the right things."

Bearish Calls:

Valmont Industries (NYSE:VMI): "You nailed that, that was the right thing... do not go back, we will find the next one."

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