Cramer's Lightning Round - One of the Best Buying Opportunities Ever (3/23/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Cramer's Mad Money TV Program, Tuesday March 23.

Bullish Calls

BP Prudhoe Bay Royalty Trust (NYSE:BPT): "The stock had an unbelievable decline of 10 points on Friday… it looks like some seller mistook, some seller got it wrong… he dumped the stock… all of the buyers stepped aside.. It was one of the great buying opportunities I have ever seen…"

Burlington Northern Santa Fe (BNI), Union Pacific (NYSE:UNP), CSX (NYSE:CSX): "I think Burlington Northern, if you own it thru Berkshire Hathaway, has a definite buy… Union Pacific is still cheap with redoing some contracts… their earnings could go up… and there is nothing the matter with CSX Corp, you know we like Michael Ward, the CEO."

BP (NYSE:BP): "BP bought those incredible assets from Devon, and it has that higher yield (than Chevron)."

Potash (NYSE:POT), Sociedad Quimica (NYSE:SQM): "I think that (Potash) works, I think that the fertilizer bull market is alive and well… we saw an unbelievable quarter from them.. the pullback, even as miniscule as it might be vs. $122 stock, makes it a buy, buy, buy… I think the fertilizer industry is strong… please do not forget, that Sociedad Quimica is a stock that has done absolutely nothing… because it has the unfortunate, the unfortunate place to run right now… the tragedy of Chile... but it remains the cheapest of the fertilizer stocks."

Bearish Calls

Chevron (NYSE:CVX): "There is a moment right now where oil is not acting that well… so we want a little more yield…"


Jim Cramer was up 31% in 2009. Click here now to trade alongside him.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.