Cramer's Lightning Round - The Banks Are the Pinatas of Washington (4/27/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday April 27.

Bullish Calls:

St. Jude Medical (NYSE:STJ), Abbott Laboratories (NYSE:ABT): "I like Jude...Abbott is better than that one (Medtronic) too."

Monro Muffler Brake (NASDAQ:MNRO), Cummins (NYSE:CMI): "Monro Muffler is too cheap to be ignored...Even though Cummins has moved to $119, it hasn't made any money since the year began. It is just now catching up. I'd rather see you in Cummins...Cummins is rockin'."

Apple (NASDAQ:AAPL): "I understand your frustration...I like the company... any company that has $69 billion in cash, any company that is the greatest retailer in the world, any company that has products we love...I have to use a word that has rarely been associated with anything I've been involved with...Patience! I think this stock can roar again...that is an inexpensive stock and I'm proud to say my charitable trust owns it."

Atlas Energy (AHD): "I think it rocks. I've liked it...that is a dynamite stock...that's a winner. I like that one, and I would stick with the natural gas stocks even though I pick up the paper and read about that cow that died...let me tell you, McDonald's is killing more cows than natural gas."

Bearish Calls:

Wells Fargo (NYSE:WFC): "We don't want to own banks. We are still waiting to find out the story about that bank and why is it still sainted...maybe because of Warren Buffett. I think WFC it is one of my least favorite in, without a doubt, the worst cohort I have ever seen. The banks are the pinatas of Washington. Why would I want to be in a Pinata unless I were one of those Hershey's kisses."

Under Armour (NYSE:UA): "I didn't think the quarter was that good...they have higher costs...they are against Nike...they are all United States. UnderArmour...tear down that U.S. Wall!"

Medtronic (NYSE:MDT): "I don't think that much of it...It has had a move. It is not an exciting stock. I don't see any catalyst."


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