Cramer's Lightning Round - Bank With Prosperity (3/17/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV program, Wednesday March 17.

Bullish Calls

Prosperity BancShares (PRSP): "You know, Prosperity's had a big run, but Texas is probably one of the strongest economies in the country... I still prefer to own banks that have run less than Prosperity, but I think you're fine with that."

Tupperware (NYSE:TUP): "[CEO] Rick Goings has done a masterful job. There was a moment where I doubted him. That was my bad. I think that this stock is going high... buy, buy, buy! Tupperware's a winner."

AT&T (NYSE:T): "I think it's a good buy right here. I like the yield, I think the dividend can go higher. I think the business is steady. If the economy turns around, you've got a $30 stock. I'd stick with T, and they were so smart to get Apple's iPad."

NewAlliance BancShares (NYSE:NAL), FirstMerit Corp (NASDAQ:FMER): "It's been disappointing..It hasn't done as much as I'd like. But Peyton Patterson [CEO] is a fantastic banker, and NAL... I want to stick with it. I think it's a winner. I don't think it's expensive. It hasn't worked as good as FirstMerit Corp, another one that I've got in the book, but I like it."

Bearish Calls:

Cree (NASDAQ:CREE): "Buy, buy, buy! Even though Cree has more than doubled, I think that there's more upside."

Intuitive Surgical (NASDAQ:ISRG): "I have missed the last 100 points in Intuitive Surgical, so what I'm going to do is take myself out of the ability to comment on it... I think I don't have standing. I mean, I think it's a terrific stock, but I have not called this one right, so I am going to have to say, don't buy, don't buy... because I just haven't had it right."

Frontier Communications (NYSE:FTR): "I think the yield's good. I have to tell you, I know it's outsized. That's a "red flag" yield, and it does worry me."

Sprint Nextel (NYSE:S): "No... I can't!... I can't!... I can't!... It's a speculative name, but I don't like the way the business is going. I'm going to have to say no to that one... don't buy, don't buy, don't buy..."


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