Jim Cramer's Mad Money Lightning Round Picks, Dec. 21

|
 |  Includes: AVR, BAC, BCS, BHP, CAT, CWTR, HON, RIO, TEX, TWX, VALE, XTO
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday September 21. Click on a stock ticker for more analysis:

Bullish calls:

Barclays (NYSE:BCS): ' It's got a nice yield. It's got a good pastiche of businesses. I guess what I'm saying is, BCS is included in my package of solid bank stocks worth owning.'
Bank of America (NYSE:BAC): ' ... but I would still prefer to own BAC [To BCS].'
Coldwater Creek (NASDAQ:CWTR): 'I've been to the website at least five times this week to check it out, to be sure I'm not dreaming. I believe CWTR may have a good quarter, but the next quarter's going to be even better. This is a regional-to-national story. CWTR - Three analysts upgraded this week. They're right. The bears are wrong. Stick with CWTR!'
Caterpillar (NYSE:CAT): ' ... this is one of the absolute toughest stocks out there, because the housing business is definitely slow but, you know, you take a look at the mineral business, and we know that it's really good ... but we also know that there's supposed to be a worldwide slowdown coming, and therefore, CAT has to be caught up in it. The bottom line for me is that ... CAT is a buy here. As a matter of fact, let me give you a range. I think CAT has 2 down, and 10 up. That's a risk reward that I want. As a matter of fact, I want it bad. That's the sound of a Caterpillar backing up (doing a 'mon-back)...'
Terex (NYSE:TEX): 'TEX, which is smaller than CAT, but has just been on a tear, because it was added to the S&P 500 ... is a buy here.'
Companhia Vale do Rio Doce (NYSE:RIO): 'Here's what I would do: If you bought, say, 200 shares on my advice - here it is 60 cents from its 52-week high - I would sell 50, because the mineral stocks are going down. But, you know what? If that stock got back to where I recommended it, I woud pull the trigger (i.e., buy it) again, because that, along with BHP and RTP, are the three best mineral companies in the entire world. How can you not own one of them?'
Rio Tinto (RTP)
BHP Billiton (NYSE:BHP)

XTO Energy (XTO): 'The best independent oil company ... It is too expensive to be acquired, because it's got a very high multiple. Why? Because it has so consistently found oil.'
Honeywell (NYSE:HON): ' I think that that dividend boost - that stock's been rocking ... Big dividends are growth. HON gave us one. HON's going to $50. I would not sell HON, even though it's at its 52-week high.'
Time Warner (NYSE:TWX): 'We have now been behind Dick Parsons for 4 and a half points. You do not sell TWX here. That stock is just visiting the 22-23 level. It's a way station on the way to what surely is the promised land of $28-$30. You stay with TWX.'

Bearish calls:

Aventine Renewable Energy (AVR): 'AVR is a sale. Sell, sell, sell. You don't want to be near it. It's a trainwreck. That whole ethanol group is no good.'

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