Cramer's Lightning Round - Transocean Neither Here nor There (10/25/10)

 |  Includes: AYE, DUK, EXC, FE, GLW, HBAN, JCG, RIG, WFT
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday October 25.

Bullish Calls:

Huntington Bancshares (NASDAQ:HBAN): "Look, regional banks are okay. This is a good one. I've been behind this one for a long time. All that said, the banking group is really not that good right now, so you have to be willing to take some pain. I can take pain. I hope you can too."

Weatherford International (NYSE:WFT): "The one I like, the one I've been telling people I think is too cheap, that people downgraded today, is Weatherford International Ltd. That's my favorite. That's the one I'm not backing away from. That's the one I talked about on my conference call today. That's the one I want to own!"

JCrew (JCG): "I think retail is overdone to the sell side. I have to tell you... J. Crew is down more than I can believe. It's almost back to where it was when they pre-announced. I continue to like Mickey Drexler [CEO] I think you've got to understand that this is not a one-day story. And if the quarter is as bad as he said it was, the stock could still go up."

Exelon (NYSE:EXC), FirstEnergy (NYSE:FE), Duke Energy (NYSE:DUK), Progress Energy (PGN): "I'm an Exelon guy, I'm a FirstEnergy guy... I'm even a Duke Energy guy... all of them better than yours. And my favorite is Progress Energy."

Bearish Calls:

Transocean (NYSE:RIG): "I think Transocean's neither here nor there."

Allegheny Energy (AYE): "Yeah. Not my favorite."

Corning (NYSE:GLW): "Not that development. Periodically, there's a lot of things that Corning does to get people excited. It almost always disappoints. I think the stock is... don't buy, don't buy... There's just too many variables. Too many companies making that kind of glass for screens. I don't want to own it."


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