Cramer's Lightning Round - Citigroup Head On (10/19/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday October 19.

Bullish Calls:

Citigroup (NYSE:C): "Alright, let's deal with Citigroup head-on. First of all, this is my favorite spec for this year. Second, I feel that Vikram Pandit [CEO] has done a remarkable job, and it was a great quarter. Third... less exposed to the big mortgage morass, simply because they were called out on being a bad bank in 2007. Finally, the government's going to be done selling the stock. Then it should rally to book value. I think there is 15-20% in this stock within the next three months. I like it!"

McCormick (NYSE:MKC), General Mills (NYSE:GIS): "I would prefer McCormick if you want to go food...or General Mills. It's put up great numbers. Both are better than Hershey's.

Weatherford (NYSE:WFT): "Alright, Weatherford reported today... I thought the quarter was good. Now the stock has run from $14 to $18, so you're going to get a little profit taking. People felt the international wasn't that strong. I disagree. I think it's a great long-term hold, but it did run up. Schlumberger's going to tell the tale on Friday when they report. I like Weatherford. Two thumbs up.

Chesapeake Energy (NYSE:CHK): "If natural gas is still at $3.50 after we start exporting, because we're not using it in this country, it would shock me. Aubrey McClennan has got a really good way to be able to lower debt. I think he's doing a terrific job. I agree with you. $22 bucks, it's fine. I think it goes to $30 in the near term. And I think it will go to $40-50 within the next three years. Hold onto the CHK."

Bearish Calls:

Kimco Realty Corporation (NYSE:KIM): "Yeah. I don't think it will pay tuition, because it doesn't have that good of a yield."

Hershey (NYSE:HSY): "Very difficult. Because I think that the quarter itself, while good, was that the stock has had too much of a run... really rationalized their business."

Intuitive Surgical (NASDAQ:ISRG): "Alright, Intuitive Surgical... I have been saying that that is the weakest of the CANDIES... that's Chipotle, Apple, Netflix, Deckers, Intuitive, Express Scripts, and and I've got to tell you, it did not show much tonight when it reported. We had it in the Sell Block... Ken Shreve, a good friend of mine... identified institutional weakness, institutional selling... He was right. The stock goes still lower. Down $25, I still would not buy it. I don't like... I have to find a new "I"... for the CANDIES."

Petrobras (NYSE:PBR): "Petrobras? You know what... they did that gigantic offering, and then all I heard about was lowered production. It doesn't give me that yield that I need. Oil going down here, because of a stronger dollar. I am a sell, sell, seller of Petrobras. I want to buy American oil companies, not Brazilian. And by the way, it's the only Brazilian stock I don't like."


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