Cramer's Lightning Round - Have You Ever Seen a Chinese Ketchup? (9/16/10)

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 |  Includes: BAC, BMY, JNJ, KHC, KODK, NANO, NAT
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday September 16.

Bullish Calls

Heinz (HNZ): "Alright, Heinz keeps hitting a 52-week high. Why? Because it has a good dividend, it is a dominant player overseas, and because it's well-run. What's not to like? Have you ever seen a Chinese ketchup?"

Bristol Myers (NYSE:BMY): "No, no, no... look... J&J used to be better, absolutely. Bristol is now better. It's got a better yield. I'm a seller of Johnson & Johnson and I'm a buy, buy, buyer of Bristol-Myers, particularly because of that yield."

Nanometrics (NASDAQ:NANO): "Yeah, I think it's good. It's finally making money. I never thought the company would make money, and now it's making money. You hold onto that stock when that's happening. When a company breaks out with earnings, after having multiple years of not, that's a buy not a sell."

Bank of America (NYSE:BAC): "Everyone's very worried they're going to have to raise capital. I don't think they do. Everyone's very worried they have no vision. I think they do. I think that the fees are going higher. Hey, like it or not, that's what's happening. I own Bank of America... I just think it's the cheapest of the bank stocks. I want you in, I want you bigger... buy, buy, buy!"

Nordic American Tanker (NYSE:NAT): "Well I've got to tell you... I'll be very honest with you. I think the earnings... I think they can cover the dividend... the best of that group. But pricing is awful. It will be rocky continually. Until we get rid of the glut of tankers, that stock, Nordic American Tanker, is just going to make you money with the dividend. And it could lose you on the capital side. In other words, the stock will probably keep going down. I wish it weren't the case, but I've got to tell it like it is. I still would stick with Nordic American Tanker."

Bearish Calls:

Johnson & Johnson (NYSE:JNJ): "I'm a seller of Johnson & Johnson."

Eastman Kodak (EK): "No. It's really just a spec at this point. There's been too much damage done at that company... too many divisions sold. Too much has gone on. I'm not a bull. I have not been a bull for 15 points. I'm not changing my view here."

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