Jim Cramer's Mad Money Lightning Round Picks, Nov. 1

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday October 31. Click on a stock ticker for more analysis:

Bullish calls:

Ceradyne (CRDN): ' ... we have long been a fan of CRDN and its management. The market took us to task, and said we were wrong, until today, when they reported a monster good quarter. I'm doing a 'mon-back, because both Dems and Republicans favor more body armor. CRDN's the ceramic of choice. Good company. Good management. Good stock!'
NYSE (NYSE:NYX): 'I say it's going to $100. I believe that the NYX has $10 in earnings power, out three years. They close the Euronext deal, the numbers go up. 12 out of 14 analysts are not positive on it. They're wrong. I'm right. 'Mon-back!'
Apple Computer (NASDAQ:AAPL): 'Stop wondering. Start buying. AAPL is my favorite tech stock over the next two months. I think they have a gigantic Chistmas, because Vista was late. I love the management there. I think that AAPL is for me, particularly if you can get it between $75 and $80, where it's trading now. Remember, AAPL's one of those stocks that the mutual funds have big gains in ... If you want to buy 200 shares, buy 50 now, and buy 50 every two points down.'
L-1 Identity Solutions (NYSE:ID): 'I don't even care what number he reports... Lapenta's money in the bank, so I say buy some, no matter what they report. That's a great homeland security play. If the democrats come in, which everybody's saying... Buy ID!'
Cabela's (NYSE:CAB): 'The other day it starting creeping up - we recommended it around $23 and change; it went to $26. The banker had the audacity of downgrading CAB ... I think CAB's going to have an okay quarter - not great - but year-over-year will be okay. I'm sticking by it, even as the banker proved to be fickle!'
TXU (TXU): '... go into TXU, which is going to be the star of the upcoming national utilities festival, that goes on every year in November.'
Qwest Communications (NYSE:Q): 'Richard Notebaert delivers a quarter to end all quarters... and suddenly the sellers come out of the woodwork... I say that's nonsense. This man's got giant cashflow. He still hasn't even started the dividend. What is it with the buyback, Dick? Stop the buyback. We want dividend. But I like Q down here.'
Verizon (NYSE:VZ): 'I like VZ. And people should stop mocking them. That just because the stocks are up so big. Who can blame anyone for selling? But not me. I'm a buyer.'
Watts Water Technologies (NYSE:WTS): 'That was the single best quarter of the week ... we must explore how good WTS was. This may be the premier water infrastructure ... WTS I like very much, and I am going to explore that further. I'm not done with that story.'
GameStop (NYSE:GME): ' ... why should ERTS be good? That usually leads to people thinking that GME's got to be bad, so then they sell GME. Price target down from $50 to $48, where I want you to pull the trigger, because that's a quintessential great Christmas story, and it's all in the come, because of Nintendo and Playstation. I want to buy GME down too.'

Bearish calls:

Qiao Xing Universal Telephone (XING): 'You are going to ring the register on that one tomorrow morning. You own a Chinese stock that you got a double on? Holy cow... Wake up Mao! You're history.'
Nasdaq Stock Market (NASDAQ:NDAQ): 'Love Bob Greifeld, love what they've done, but no. I am taking the money from the NDAQ, and I'm rolling it into the John Thane-run NYX.'
TOM Online (NASDAQ:TOMO): 'Sell that stock! There's nothing there! We're staying away from China. I'm tired of buying their stocks.'
MDU Resources (NYSE:MDU): 'This is the third straight one that we've had - which is a power generation and transmission company - that is at its 52-week high or near it. I want you to swap out of that slow-grower, and go into TXU.'

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.

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