Cramer's Lightning Round - Micron Goes From S&P Dog to Best in Show (3/28/11)

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 |  Includes: AES, BTU, CHS, CSCO, GNTX, INTC, LLY, LYB, MSFT, MU, WLT
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday March 28.

Bullish Calls:

Micron (NASDAQ:MU): "Is good...it was one of the dogs of the S&P, now it was one of the best performers in the first quarter. Now it has flash and DRAM. I think the stock can power higher."

Chico's FAS (NYSE:CHS): "I like it...it has had a big turn... am I big apparel guy? Not really but...it's a good turn."

Peabody (NYSE:BTU), Walter Energy (NYSE:WLT): "Goldman Sachs downgraded it (Peabody)...I don't think there is any reason to downgrade it...I like BTU...Japan will be coal and natural gas based...China opens a coal plant every week. I think coal is here to stay whether you like it or not. I like WLT too."

AES Corp (NYSE:AES): "That is a great play on the growth of this hemisphere. It is a growth electricity play... it is dirt cheap. Will it go back to $11? I don't know, but I sure as heck think AES is an inexpensive stock."

Gentex (NASDAQ:GNTX): "There are changes in legislation for health and safety for autos. I think it has come down...there are worries about Japan. I think this too will pass. I want to buy Gentex."

Bearish Calls:

Microsoft (NASDAQ:MSFT), Intel (NASDAQ:INTC), Cisco (NASDAQ:CSCO): "Chief, I don't think it (Microsoft) does much at all. Will it go to 26.77? Yeah, but I would not sell it at $25... it is too cheap. There is no catalyst. I feel the same way about Intel and Cisco ...no catalysts to drive those stocks."

LyondellBasell Industries (NYSE:LYB): "I should get behind it, but it is such a sloppy situation...I will continue to avoid it."

Eli Lilly (NYSE:LLY): "It has been at $34 or $35 for as long as I've had this show... don't buy it...it is a bond. I want growth from my stocks."

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