Cramer's Lightning Round - Too Tough on Jones Group (12/3/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday December 3.

Bullish Calls:

Oxford Industries (NYSE:OXM), Jones Group (NYSE:JNY): "I like these guys (Oxford)...very good...I see bottom developing in the Jones chart...I need to investigate further... I've been too tough on them. I think Jones might be too low."

Abbott Labs (NYSE:ABT): "Abbot Labs yields 4% and has got a good medical device business."

Frontier Communications (NYSE:FTR): "I like it...the highest yielding stock in the S&P 500."

LyondellBasell Industries (NYSE:LYB): "That is an up stock like you wouldn't believe. I think it can see $35...I love this part of the chemicals cycle."

Siemens (SI): "This is a great quality is a fabulous company. If you want to own the stock, I bless it as a good equity."

Bearish Calls:

Medtronic (NYSE:MDT): "There's nothing there for me... don't buy."

Hewlett Packard (NYSE:HPQ): "Neither here nor there... there are other tech stocks that are better than HP."

Madison Square Garden (NASDAQ:MSG): "It has got some legs...I think there are better investments out there, and I don't particularly like entertainment. Sell, sell, sell."

Weatherford International (NYSE:WFT): "It has had such a move, I've been behind literally forever...bulls make money, bears make money, hogs get slaughtered. I took a little profit."

Altria (NYSE:MO): "It is up too much right now... too many guys have downgraded it for me to think it represents great value here."


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