Cramer's Lightning Round - One of the Dumbest Downgrades I've Ever Seen (3/31/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round Session of Jim Cramer's Mad Money TV Program, Thursday March 31.

Bullish Calls:

Massey Energy (NYSE:MEE), Peabody (BTU), Walter Energy (NYSE:WLT): "I like coal so much. One of the dumbest downgrades I have seen was the Goldman downgrade of Peabody. I think you buy, buy, buy Peabody. You know I like WLT just a couple of points off its high."

Con Edison (NYSE:ED): "One of the best in show. I reiterate that at 50 bucks, I think it is still really good."

CarMax (NYSE:KMX): "People did not like the quarter...I think the risk is now out. Let's wait for a downgrade tomorrow and then let's pick some up. if we don't get one (a downgrade) I think we might be going on qucksand."

MedcoHealth Solutions (NYSE:MHS), Express Scripts (NASDAQ:ESRX): "I like Medco...I think it can work...but Express Scripts is doesn't have that cloud over its head over CALpers."

Goldcorp (NYSE:GG): "AEM has clearly been bested by Goldcorp... We like $49 it is better than AEM."

Potash (NYSE:POT), Deere (NYSE:DE): "I think Potash is a buy, buy buy, but not as good as Deere."

First Niagara Financial Group (NASDAQ:FNFG): "I still like it... banks are hated...but FNFG is a regional bank that is doing quite well and I want to own it."

Oneok (NYSE:OKE): "That is great growth utiltiy and I encourage you to own it and I encourage you to buy more."

Bearish Calls:

Akamai (NASDAQ:AKAM): "Is okay, what am I going to tell you? I think it is just's come down a lot but I don't have a catalyst."

Agnico Eagle Mines: (NYSE:AEM): "AEM has clearly been bested by Goldcorp."


Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.