Jim Cramer's Mad Money Lightning Round Picks, Dec. 22

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Includes: BAC, BOT, CAG, COP, DENN, FDX, HET, LVLT, SFD, SPI-OLD, SWY, YUM
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday December 22. Click on a stock ticker for more analysis:

Bullish calls:

Bank of America (NYSE:BAC): 'I like the stock very much here ... good yield, nice growth path, is not going to set the world on fire. ... I say buy Bank of America.'
Level 3 Communications (NASDAQ:LVLT): 'Some people think I run hot and cold. ... I like LVLT. ... I endorse LVLT ... gonna close a deal soon with Broadwing (BWNG). I am going to stay behind that thing with a TripleBuy.'
ConAgra (NYSE:CAG): ' ... run, don't walk, into ConAgra, which is one that we nailed nine ways to Sunday.'
Quest Software (NASDAQ:QSFT): 'The jury is still out. ... I like the core business. I want you to stick with it.'
ConocoPhillips (NYSE:COP)
Denny's (NASDAQ:DENN):
'For pecking order, I like Denny's, Brinker Darden ... '
Safeway (NYSE:SWY): ' I can't get behind a supermarket other than Safeway.'

Bearish calls:

CBOT Holdings (BOT): 'We don't need to put any more money in those stocks. We are now in the 'don't buy' mode until that deal [with the Chicago Merc] closes.'
FedEx (NYSE:FDX): 'I've been let down by FedEx. ... I thought you were having an Internet Christmas. ... even stuck my neck out ... We are done recommending FedEx on this show.'
Scottish Power (SPI-OLD): 'Ring the register. ... Declare victory, nice investing, well done.'
Smithfield Foods (NYSE:SFD): 'I want you to sell Smithfield Foods.'
American Oriental Bioengineering (AOB): 'Do not buy ... '
Yum! Brands (NYSE:YUM): 'Tough situation, obviously, they had that Taco Bell problem ... For pecking order, I like Denny's, Brinker, Darden ... and then, only then, do I like Yum.'
Winn-Dixie (NASDAQ:WINN): 'Just came out of bankruptcy ... I can't get behind a supermarket other than Safeway.'
Skyworks Solutions (SKWS): 'Ixnay on the Skyworksnay.'
Harrah's (HET): 'You just struck it rich! You go out and you ring the register!'

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