Jim Cramer's Mad Money Lightning Round Picks, Feb. 27

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 |  Includes: CELG, CHH, CL, CRM, DEO, HLT-OLD, JCP, PG, PTIE, PYX, T, WYN
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday February 27. Click on a stock ticker for more analysis:

Bullish calls:

Celgene (NASDAQ:CELG): ' ... down $3 - where Bob Hugin [CEO] came on our show and assured us that things are good. So I'm going... CELG, particularly if you can get it under $50, which would be a gift.'
AT&T (NYSE:T): ' Tomorrow morning, T - It would be a gift if that stock opened down. It's got yield protection. It's got a buyback. It's got superb management. It fits all my criteria. '
J.C. Penney (NYSE:JCP): 'I think you can possibly own a JCP, which is buying back stock and people think it missed the quarter, but Mike Ullman [CEO] is saying good things.'
Procter & Gamble (NYSE:PG)
Colgate (NYSE:CL)
Diageo (NYSE:DEO)

Wyndham (NYSE:WYN): 'I've been doing a lot of work on WYN, which is a spinoff of Cendant. I like that more [than CHH].'
Hilton (HLT-OLD): 'You know I've been a big fan of HLT.'

Bearish calls:

Pain Therapeutics (NASDAQ:PTIE): ' ... even though PTIE seems to have really good earnings power coming up next year, I think it's too risky. I honestly would rather see you in a CELG.'
Salesforce.com (NYSE:CRM): 'I think the stock should be lower. I do not get why that stock hangs in in this bad market. I don't want to own CRM, and I don't want anyone else to either. I invite the CEO if he wants to come on and talk about his stock selling.'
Retail Ventures (NYSE:RVI): 'In this market, when you're worried, and you have a stock that's a point off its 52-week high, we are strictly in a no-prisoners mode. You take that, and you ring the register.'
Playtex Products (PYX): 'I like the cohort. I believe that that kind of consumer-related business is not going to have a slowdown here... But why do you need to be in PYX - a point off its high - when you can be in PG? When you can be in CL? When you can be in DEO, which just reported a great quarter?'
Choice Hotels International (NYSE:CHH): 'It's a franchiser of hotels ... I don't think I need to go down in the food chain to your name. I've got a bunch of them that I think are cheaper and better, and those are the ones that I want to go with.'

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