Cramer's Lightning Round - Feeling Like Carrie About RFMD (10/28/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday October 28.

Bullish Calls:

RF Micro Devices (RFMD), TriQuint Semiconductor (TQNT), Skyworks Solutions (NASDAQ:SWKS): "I think that RF is unbelievable. I likeTriQuint Semiconductor, Inc., I like RF Micro, and I like Skyworks Solutions Inc. I liked them all at the same time. People laughed at me on RF Micro. They laughed at me and, you know what? It was a little like Carrie. It was. It was a little like Carrie when Travolta dropped the blood on her, and then I had to reach up from the grave. But you know what? RF Micro is good. I think it goes to $8.50 to $9. I would not sell that. I would keep TriQuint, and I would even keep Skyworks Solutions."

Immunogen (NASDAQ:IMGN): "Yeah look... we like it. It's one of our spec plays. A lot of this spec stuff is starting to come true. I'm going to stick with it. I think you should own the stock."

Philip Morris International (NYSE:PM): "Alright, you have a high-quality problem here because, if you're going to have two-thirds of your portfolio in one stock, it might be PM, which is an incredibly well-run company, being an international business... Over time... don't do anything fast... let's get that one down to 20%. No one stock should be more than 20% of anybody's portfolio."

Microsoft (NASDAQ:MSFT): "I prefer, actually, Microsoft, which is another paint-drying stock, which reported a decent number after the close."

JP Morgan (NYSE:JPM), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC): "You want to keep J.P. Morgan, because that's the best of breed. But you put the gun to my head on this one and I say, take the gun away. Because I do like all three. I thought Wells Fargo's quarter was really terrific, and I have tremendous faith in Vikram Pandit [CEO of Citigroup]. And by the way, when everyone else didn't like him at 2 bucks, I was all over him like a Kmart suit! That's right! I liked him!"

Ford (NYSE:F): "The stock's going to $17... Here's what I think. I'm going to give you the skinny about Ford. I go over and I listen to the Ford financial call, which is even better than the conference call. They are taking in all the debt. They are going to get their rating raised. They are going to be like, Ford Motor Credit paper I used to sell at Goldman Sachs. It's going to be AA, maybe even AAA (credit rating). The costs of borrowing are going to go down, and everyone is going to make money, because Alan Mulally has said, 'To serve is to live.' And he is right."

Bearish Calls:

Vonage (NYSE:VG): "No, no, no, no... we're not going to go there. Sell, sell, sell!... Yes, so maybe it's up some 30 or 40 cents on some bit of news...We are not guys who are bottom feeders. We are not carp! We're like marlins! We're marlins!"

Exxon Mobil (NYSE:XOM): "Eh... you know, eh.... Yeah, they justified the XTO (purchase). I've got to tell you... sell, sell, sell... I'm going to say sell Exxon. I was not impressed."


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