Cramer's Lightning Round - Run, Don't Walk, Out of Alcatel (7/27/10)

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Includes: AVGO, CMI, NOK, NTAP
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday July 27.

Bullish Calls

Broadcom (BRCM): "Just reported a monster-good number, and I think is doing terrifically."

Cummins (NYSE:CMI): "It reported a beautiful quarter. As a matter of fact, at one point, it was up $3. Because... it started selling off like a lot of the industrials, because of this new rotation into the soft goods, which seems to be continuing after the close... Cummins is a great stock. However, I too succumb to profit-taking, and took a little off for the charitable trust. I'm not greedy. Don't you be greedy. Recognize that the stock's had a big run before you pull the trigger."

NetApp (NASDAQ:NTAP): "Uh, that is one of the hottest stocks there is. I thought about making it the "N" in CANDIES, if Netflix had blown up. It is a terrific storage stock for technology, and the answer is, I want to own it. Remember, tech tends to do poorly during the summer months. But NTAP is a monster-good stock that keeps delivering the numbers. Don't be greedy. The stock just had a big run. Under $40, it would be one of the strongest names I follow."

Bearish Calls

Alcatel-Lucent (ALU): "I've got to tell you... run, don't walk, out of that stock... Sell, sell, sell! It is just a wasting asset. It's been one of the worst stocks I've ever seen, and there's no reason to believe it will turn. Let's go with high quality. There's tons in that sector."

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