Jim Cramer's Mad Money Lightning Round Picks, March 7

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday March 7. Click on a stock ticker for more analysis:

Bullish calls:

MGM Mirage (NYSE:MGM): '... Look, it's the 2nd-largest casino, it's very well-run, we know that the casino business is consolidating... but we're so worried about China now that the stock's had a pullback... You know what? It's had enough of a pullback. MGM works. I want to own the stock.'
Blockbuster (BBI): ' ... we have recommended - and continue to recommend - BBI as the play, because they're moving aggressively into NFLX's turf, and I think they're doing a great job.'
Infosys Technologies (NASDAQ:INFY): 'The stock has taken a hit here. Indian outsourcing is a powerful concept that is not going away ... I actually want to buy it here right now. It's ridiculously low. It's earnings are great. Let's put some on our sheets.'
IAC/InterActive Corp (IACI): ' ... absolutely the biggest buyback I know.'
Tyco International (NYSE:TYC): ' The company is worth more than $30 bucks! It's been just biding time ... I think the split-up will bring a lot of value. I think there's 25% upside, but you're going to have to wait for the split-up, because nobody's a believer except you and me.'
Texas Roadhouse (NASDAQ:TXRH): 'I like TXRH more [than SNS].'
Sonic (NASDAQ:SONC): 'I'm going to go with SONC.'
Great Plains Energy (NYSE:GXP): 'It's got a great wholesale competitive business, it's got a 5% yield. It's hit my radar screen as something to buy. I'm going to encourage you to stay in that.'
Apple (NASDAQ:AAPL): ' Your fine in AAPL. It's meandering. It's biding time. It's making its way toward a great base of $83-87.'
Google (NASDAQ:GOOG): ' GOOG was up $16 yesterday. It's come down a little. It's meandering now ... Below $440, I think it's the price to pull the trigger.'
Yahoo! (NASDAQ:YHOO): 'GOOG is now anointed, along with EBAY, along with YHOO - I think both those stocks make a ton of sense.'
Bank of America (NYSE:BAC): 'I think BAC's incredibly well-run; it's got a big buyback. I think they've renounced the kind of acquisitions that have historically killed the stock.'
Cognizant Technology (NASDAQ:CTSH): 'This is another Indian company, although it's based in Teaneck [NJ] ... It has been a fantastic performer, and it will continue to be so.'
Dean Foods (NYSE:DF): 'I like DF ahead of what I think is just a terrific buyback that they're doing for their company.'

Bearish calls:

Shutterfly (NASDAQ:SFLY): 'SFLY's an okay dot-com. It does a little social stuff. I would rather see you in IACI.'
Steak n Shake (SNS): 'SNS is a not-great restaurateur ... I'm giving that a distinctive 'don't buy, don't buy.'
First Marblehead (NYSE:FMD): 'It's had a big run. I would actually right here say let it go back under $40, before I want to buy it. Don't buy, don't buy.'
Melco PBL Entertainment (NASDAQ:MPEL): ' Macau is so close to China - like it is China - that MPEL - which has got the Chinese casino coming - is worrisome ... I'd rather fess up, be wrong than I would stick with something that I'm worried about.'
Cal-Maine Foods (NASDAQ:CALM): ' Uh, egg company. You know what? Just okay.'

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