Cramer's Lightning Round - Buy Nucor Aggressively (8/11/11)

Includes: AKS, GDPM, HDY, NI, NUE, S, WETF
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday August 11.

Bullish Calls:

Nucor (NYSE:NUE): "You should be buying Nucor aggressively here at $34."

NiSource (NYSE:NI): "That is a terrific company...beat its numbers...if you buy that and reinvest the dividends, you are going to make a ton of money."

Goodrich Petroleum (GDP): "That is a good company, a little is in all the key shales...I don't think oil is going to $70. I think oil snaps back because demand didn't drop big in the recession."

Wisdom Tree (NASDAQ:WETF): "That's a good company...they actually do good ETFs...they allow companies to get into markets you couldn't do on an individual basis, and they do it in a cost effective way for people."

Hyperdynamics (NYSE:HDY): "... that's a $4 call option if you want it and want to have exposure to oil. I will bless it and wish you luck."

Bearish Calls:

AK Steel (NYSE:AKS): "I recommended AKS, it went up, and I didn't take any off the table. I feel like a chump. AKS is not as good as Nucor."

Sprint (NYSE:S): "...I wish them the best, but the last quarter was bad. They've got some financing issues they have to address."


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.