Jim Cramer's Mad Money Lightning Round Picks, Jan. 19

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday January 19. Click on a stock ticker for more analysis:

Bullish calls:

Covance (NYSE:CVD): 'This is one of those companies that is the arms provider to biotech and pharma... Yeah, they do the tests. You've got a two thumbs up, way up.'
Continental Airlines (NYSE:CAL)
Rite Aid (NYSE:RAD): ' ... an analyst downgraded RAD, and it sent the stock down 31 cents, where I want to back the truck up ... Mary Sammons runs RAD, and is going to be on the show when that deal closes, and that is going to be a phenomenal one!'
International Flavors & Fragrances (NYSE:IFF)
JPMorgan (NYSE:JPM): 'I am going to suggest that you buy JPM, because Jamie Dimond did a good call.'
Capital One Financial (NYSE:COF): 'If you want a little risk, and big reward, you go with COF.'
Level 3 Communications (NYSE:LVLT): 'I 'm reiterating my by for LVLT... If you want to be in fiber, you go into LVLT.'
Best Buy (NYSE:BBY): 'If you want to be in big-screen TVs, you go into BBY, and that's all there is to it.'
AT&T (NYSE:T): 'I am so much a T man, so swap out of the Fair Point Commuications, and go into T.'
Toyota Motor (NYSE:TM): 'I was a huge buyer of TM 10 points ago, for my charitable trust, and I'm reiterating my buy right here. I recommended TM, and it is only up a quick 15 points, and I'm not backing away, because they make good cars. '
Blockbuster (BBI): 'This thing was downgraded by another analyst this week, and it was not even a glancing blow. It didn't even the guy, because the stock finished at or near its high. Why is that? Because the 'total access' program is working. He made us money - he's a guy we like. And BBI is a keeper.'
Valero (NYSE:VLO): 'The refining game - if you want to get in that - I'm always going to send you to... VLO.'

Bearish calls:

JetBlue Airways (NASDAQ:JBLU): 'Very tough. After the close tonight, they announce two resignations, including a guy that seemed pretty important from the sales and marketing side. I want to see the smoke clear ... and then I still don't want to buy it.'
Bare Escentuals (BARE): 'I said sell that stock at $31-32. It's at $34-35. I don't regard that as being anything that you missed. And I suggested instead that you buy IFF at $42. It went to $49. I say no on your bear - Sell, sell, sell. '
Sky Financial (OTCPK:SKYF): 'Ring the register, my friend! You're getting Huntington Bank - not one of my favorite banks, because that company's already been taken over. It is time to sell, sell, sell.'
Western Refining (NYSE:WNR): 'I do not like the refining stocks this quarter; I think that you'll get hurt, but they represent some great value longer term ...- I am not going to pull the trigger just yet on any refining company... '
Electronic Arts (ERTS): 'No, no! Everyone's all excited about ERTS ... They don't have that much ... I don't trust ERTS here. Mid-40's - only then, pull the trigger.'
FairPoint Communications (NASDAQ:FRP): ' Oh, this is that spinoff, right? They split the company up? You know what? I know they've got that good yield - I am so much a T man, so swap out of the FRP, and go into T.'
Wal-Mart: (NYSE:WMT): 'sell, sell, sell!'
Walgreen (WAG): 'Now, at $46, I'm not as strong on WAG.'
Corning (NYSE:GLW): 'I'm stuck with GLW. I have said that it's okay, but it's flatlined right here at $19, in part, because there's a glut of big-screen TVs; in part, because my national fiber shortage hasn't really started yet.'

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