Cramer's Lightning Round - Philip Morris Is Smoking (3/24/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday March 24.

Bullish Calls:

Millicom International Cellular (MICC), America Movil (NYSE:AMX): "I have always liked Millicom… Millicom is a great wireless company… I like the international wireless companies… that is one of the fastest growers, it has still been terrific… I will add America Movil while I am at it.. so I think that you have got a good one and I would continue to own it and I would stay long."

Saks (NYSE:SKS): "Look... Saks was upgraded today… you know how I feel about high end... I think Saks is good, we interviewed and spent a lot of time at Saks during the holiday season… we liked what we saw, we liked the display, we liked the growth plans… and I think that you have got a winner there."

Zimmer Holdings (ZMH), St. Jude Medical (NYSE:STJ), Abbott Laboratories (NYSE:ABT): "I like that group, I think that that group has been thru a lot of heck, why? Because of the worries about medical device taxation … but you know what, I like the company and I would buy it here…it has gotten too cheap… let me add that I also like St. Jude Medical Inc. which I know has gotten controversial…and Abbott Laboratories which has both high growth drug and medical devices…"

Philip Morris International (NYSE:PM): "Philip Morris is the growth company that they split off international… doesn’t have as high a yield, does have better growth and the answer is I like it.. you have got a 5% yield with some terrific growth…"

BGC Partners (NASDAQ:BGCP): "You know over the counter instruments, this business is very strong, derivatives is strong, it has got a yield… I like it… I am a little surprised that it is this cheap… I am actually very excited about that stock… it looks like a good stock… that seems like a real good stock to own right here, right now."

(there were no bearish calls on Wednesday)


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