Cramer's Lightning Round - The Gold Trade in a Nutshell (3/9/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday March 9.

Bullish Calls:

SPDR Gold Trust (NYSEARCA:GLD), Agnico Eagle Mines (NYSE:AEM): "I like gold coins and I have gone full circle now that Sean Boyd was on, the CEO of Agnico-Eagle Mines Ltd. … and I am back to recommending that one... so again, gold bullion, gold coins, GLD, the SPDR, the ETF, and then finally Agnico-Eagle… and then you are done with gold trade."

Range Resources (NYSE:RRC): "I am reiterating my buys on all of the natural gas companies… Range Resources discovered the Marcellus Shale.. they may be the best in show right here."

Autodesk (NASDAQ:ADSK): "Very good quarter, very good business, really has been a break out chart… I do the charts every single weekend and that is like one of the best charts that I have ever seen… I continue to want to buy it… business has turned there, I think there is a lot of opportunity to the upside for that software player."

J. Crew (JCG): "J. Crew is going to put together a great quarter…buy some before it and then pull the trigger after… because this market is very, very heavy right now for retail… they have moved so much… but Mickey Drexler (the CEO) did a great job… the margins are the best I have ever seen them… and I reiterate that I want to buy, buy, buy Crew into any weakness."

United Parcel (NYSE:UPS): "Why UPS? Much lower multiple…just beginning to get great…this is the one that you want to own… it is UPS."

Wendy's Arby's Group (NYSE:WEN), CKE Restaurants (CKR), Chipotle Mexican Grill (NYSE:CMG): "Do not give up on them.. .the problem is not Wendy’s, it is Arby’s… Wendy’s is rolling out that breakfast, Wendy’s is doing a real good job… Arby’s continues to be really bad… Do not forget, that CKE Restaurants Inc., we stuck with them and made a lot of money…my favorite in the group Chipotle Mexican Grill, Inc... Chipotle's number one, they are always invited on the show."

Del Monte (DLM): "Del Monte is good … and I talked about it last week, because they have the excellent pet food franchise… and I reiterate that I like Del Monte more (than Dole)."

American Superconductor (NASDAQ:AMSC): "This is a great speculative alternative energy play… I cannot believe how much it has sold off... I think this is a great opportunity to buy it down here… I would pull the trigger tomorrow."

Imax Corporation (NYSE:IMAX), Cinemark Holdings (NYSE:CNK): "I thought it (Imax) was too entertainment-oriented not necessity oriented enough… but it has been a winner.. and I also like Cinemark Holdings Inc. … This is that 3D revolution and I am sticking by it… and I think that you have got a winner there… although, would I buy it up here? I would wait until it cools off."

Bearish Calls:

Qualcomm (NASDAQ:QCOM): "I would like to talk to Qualcomm and ask them why they were so bullish and then soon after, they announced a disappointing quarter… which then hurt me, hurt the charity that I run, and hurt a lot of other people... they are in the dog house…"

Expeditors International (NASDAQ:EXPD): "No, no, no it is too dangerous for me… I do not want you in that one…"

Dole Foods (NYSE:DOLE)

Silver Wheaton (NYSE:SLW): "I am not a silver guy."


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