Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday November 12.
Bullish Calls:
Alcoa (AA): “Alcoa may literally be my single favorite stock at this moment...that is a $13 stock... it is literally like a call....Alcoa told one of the greatest stories. I've been buying this hand over fist... inventory keeps going down... better than expected quarter and no one is paying attention."
Deckers (DECK): "Went down a little today... buy buy buy...DECK will have a fabulous holiday season. Deckers is dynamite."
Wynn Resorts (WYNN), Las Vegas Sands (LVS), MGM Mirage (MGM): "I don't like casino stocks except for Wynn, Las Vegas Sands and MGM...real estate is going up in Las Vegas, especially the strip. Buy MGM."
Devon Energy (DVN) "Great balance sheet...Remember, we've got a big data point coming up in natural gas, to see if we can get this bill introduced. And you know I think Devon does a great job, buying back stock agressively, maybe this bill will be introduced."
EMC (EMC): "I prefer EMC. I think that is the better bet."
Bearish Calls:
Saks (SKS): "Reports next week. Has had a big run up into the quarter ...I would wait ...don't buy, rather than presume it is going to be good."
International Game Technology (IGT): "Don't pull the trigger... there is nothing there... I do not like that stock."
BP (BP): "Don't buy...I have some that have better yields and better prospects...that's a headache."
Emulex (ELX): "The company is doing pretty well... it has been on a ramp."
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