Jim Cramer's Mad Money Lightning Round Picks, Jan. 24

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday January 24. Click on a stock ticker for more analysis:

Bullish calls:

Boeing (NYSE:BA): ' ... it's two thumbs up, way up. That Wachovia guy who downgraded BA - he is going to be so massively wrong, it is frightening... '
Transocean (NYSE:RIG): ' We like RIG.'
Halliburton (NYSE:HAL): ' ... yes, I'll stick my neck out once again, that HAL will be good.'
NYSE (NYSE:NYX): 'There's a story out there ... It says that there's going to be a massive lockup expiration, where everybody can sell 20 million shares. All the bears are keying on that ... my canvas of the stock tells me that none of the big holders is going to sell that stock. That's why NYX - which is my growth stock of the year - is headed to nothing short of $200!'
Hain Celestial (NASDAQ:HAIN): 'I would recommend HAIN as best of breed.'
Level 3 Communications (NASDAQ:LVLT): 'I say you should not be worried. This stock has had a miraculous run. But, it just again cleaned up its balance sheet even more by offering stock. This is one of my growth stocks that are speculative for the year. I reiterate my buy and, if it ever goes below $6, obviously you back up the truck!'
Schering-Plough (SGP): 'I would vastly prefer SGP or JNJ [to PFE].'
Johnson & Johnson (NYSE:JNJ)
Amgen (NASDAQ:AMGN): 'I like AMGN and I like DNA for a little bit of growth.'
Genentech (Private:DNA)
American Ecology (NASDAQ:ECOL): ' ... look at ECOL.'
Unilever (NYSE:UN): 'I've been watching this stock creep up, and I keep saying to myself, 'Why didn't I recommend it? I knew that a turnaround was in place . I have missed UN. My bad. Is it too late to get in? No. Buy, buy, buy!'
Diageo (NYSE:DEO)
Rackable Systems (RACK): 'I think it's way overdone to the downside ... I think you wait until the summer, you'll catch a bounce ... you stick with RACK. I don't want to go away from it.'
USG (NYSE:USG): 'The only in-housing play that I've been recommending consistently is USG... I came back and said that stock is going higher. Swap out of yours and go into USG!'

Bearish calls:

Valero Energy (NYSE:VLO): ' ... don't think VLO's going to do much. It's up 3 bucks, down 3 bucks... I'd like you to take the trade off though. I just don't think that, with oil and gas this low, that you really want to trifle with any of these things to buy on the way down, so let's ix-nay that trade when it comes in a little, and let's play on the long side.'
SunOpta (NASDAQ:STKL): 'We're swapping out of STKL and we're going into HAIN... '
Georgia Gulf (GGC): 'The only in-housing play that I've been recommending consistently is... Swap out of yours and go into USG!'
Pfizer (NYSE:PFE): 'You've got what I call dead money ... Keep selling PFE. It's just like owning a bond, but a little less exciting.'
Republic Services (NYSE:RSG): ' ... when we buy a company at twice its growth rate, in terms of a P/E, it's been catastrophic for us. So I want you to sell that one - sell, sell, sell.'

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