Cramer's Lightning Round - Akamai Is Going Higher (10/27/10)

 |  Includes: AKAM, CHK, CVX, NTGR
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday October 27.

Bullish Calls:

Akamai (NASDAQ:AKAM): "Oh man... Akamai reported after the close. I've got to tell you, as soon as I'm done with this show, I am going to go listen to that conference call. But everything I see so far tells me that Akamai is going much higher! "

Netgear (NASDAQ:NTGR): "We said great things about it. We said you had to be in it. We said that this is a logical end play. It's the one that you use at home to be able to connect your computer. It reported an absolutely beautiful quarter, and it is going higher... even though it is up 10% today. Buy, buy, buy!"

Chesapeake Energy (NYSE:CHK), Chesapeake Preferred [CHK.PD]: "Look, I think it's the only natural gas stock that I'm recommending, because it's got the biggest, biggest gulf between what it's worth privately and what it's worth publicly. However, I'm recommending the Chesapeake Energy - Preferred, which gives you a 5% yield, and converts into common stock in the mid-$40s. I like that yield."

Chevron (NYSE:CVX): "Well, they already pre-announced that the quarter's not going to be that good so, frankly, I think that's a decent bet. The stock, at $84... I think it should go to... It belongs at $90 with oil this high. However, understand... we saw some numbers today in this industry that says that, basically, refining and margins are not that good. They've already taken the numbers down. I think it's okay. It's not the best."


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