Jim Cramer's Mad Money Lightning Round Stock Picks, Dec. 18

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday December 18. Click on a stock ticker for more analysis:

Bullish calls:

Eagle Materials (NYSE:EXP): ' EXP could be acquired ... it's been public for two years. It is a great cement company ... If this stock were ever to pull back, oh yeah ('mon-back sound), you get the picture.'
Marvell Technology (NASDAQ:MRVL): ' Now, the company did have the options problem ... I think this could be one of the biggest stocks for 2007, and I want you to buy, buy, buy! Because this company has it all and it's been cut almost in half ... Two thumbs up, way up.'
Chesapeake Energy (NYSE:CHK): 'Holy cow, can you believe that Aubrey, the CEO - they nailed that stock at $32.25. They sold stock. Now, it's come down to $30.70 ... I think downside is minimal. I guess what I'm saying is, pull the trigger.'
Mueller Water Products (NYSE:MWA): 'This stock is dirt cheap. That's a regular, consistent business. I again say pull the trigger. I say two thumbs up.'
Grey Wolf (GW): 'I think that GW is good on its own merits, but I do not look for a takeover ... buy it.'
Cisco (NASDAQ:CSCO): 'This stock is going higher. It's going to $30. That could just be a stop to $32. And I like CSCO here. I would buy it here if I did not own it.'
Apple (NASDAQ:AAPL): ' ... below $85, I still want to buy the stock. I'm not backing away. In fact, I will make the statement that I think the bears are leaning on AAPL. And bears, pay attention, open season is coming.'
Goldman Sachs (NYSE:GS): 'GS is being kept down by the option expirations. Starting to move up. It's up 3. I think that one's going to $300... It is cheaper than MS and it is better.'
Halliburton (NYSE:HAL): 'You don't need to be in that specialty small-cap oil service. You go with HAL!'
ABB (NYSE:ABB): 'ABB is the primary nuclear power builder ... I say ABB, at $17.50, is not done going up. That stock is headed to $20. I want to stick with that stock.'

Bearish calls:

Morgan Stanley (NYSE:MS): '52-week high. Earnings coming tomorrow. No on buying.'
Southern Copper (PCU): 'The price of copper's coming down, my friend. What an opportunity to take a little off the table. I know the dividend is terrific at 9%, but bulls make money, bears make money, and hogs - they get slaughtered.'
PeopleSupport (PSPT): ' ... these companies that are outsourcing business, frankly, have nothing proprietary. This stock is at its 52-week high. It does have good growth, but you know what? (ring the register sound)...'
Allis-Chalmers Energy (ALY): 'No, no, no ... even though GS said buy it ... No! You don't need to be in that specialty small-cap oil service. You go with HAL.'

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightening Round, Stop Trading and his Market Minute.

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

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com