Jim Cramer's Mad Money Lightning Round Picks, March 5

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday March 5. Click on a stock ticker for more analysis:

Bullish calls:

Savient Pharmaceuticals (OTC:SVNT): 'I'm reiterating that I think that stock is a buy - buy, buy, buy! There is nothing new that would drive it down from when I recommended it earlier this year.'
Express Scripts (NASDAQ:ESRX): 'I have been buying ESRX - its [CVS's] competitor - for my charitable trust. I'm up nicely on it.'
Alcoa (NYSE:AA): 'We don't have a takeover yet, but we totally and unequivocally believe that AA will not be a publicly-traded company a year from now. The stock has pulled back from $36 to $31, during this remarkable selloff... '
Optium (OPTM): 'I think that these are the stories that are being brought down ... Use wide limits - wide scales... Don't be aggressive with these stocks.'
Level 3 Communications (NASDAQ:LVLT): ' ... not backing away from that either. Remember, that's a play on interest rates going lower, which they are...'
Bank of America (NYSE:BAC): '[JPM]is simply not as attractive as BAC, which has a big buyback, and yields 4.52%. I would make that swap.'
Lamson & Sessions (LMS): 'Hey, that's pulled back nicely. I featured it right about here, actually a little bit lower. LMS is for sale. I think that the price of the piping that they use for PVC has come down. This is a natural to be bought. Back it up.'
Medtronic (NYSE:MDT): ' ... this is a pacemaker company. Heart valve replacement. It's going to bottom here, and therefore I'm giving it a buy. Buy, buy, buy! That's the sector that's working. Do not miss the opportunity. Stay with MDT.'

Neutral calls:

Cyberonics (NASDAQ:CYBX): 'It's become a punching bag as they have screwed up so much stuff ... I thought that, when Skip Cummins left, good things would happen ... I'm not pulling in my horns yet on CYBX, but it is a concern to me that this company still has so many management problems.'
Ford (NYSE:F): 'You know that I have been a big believer that you should not own the common stock. You should own the convertible. That gives you a higher yield, and you will get one for one, as the stock goes higher. So I am a seller of the F common. I am a buyer of the Ford convertible, even right here with the market under pressure.'

Bearish calls:

CVS (NYSE:CVS): 'Sell, sell, sell! ... I say no to CVS. They're going to end up paying too much for Caremark.'
JPMorgan Chase (NYSE:JPM): 'I think JPM, at 2.86% yield, is simply not as attractive as BAC ... I like Jamie Dimond, but the stock is too rich versus BAC. That's a good trade to make.'

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential Picks.

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

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com