Jim Cramer's Mad Money Lightning Round Picks, May 8

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday May 8. Click on a stock ticker for more analysis:

Bullish calls:

Level 3 Communications (NASDAQ:LVLT): 'Oh c'mon. This is so right. I'm tired of hearing the naysayers. It's already coming back. I want to back up the truck, LVLT.'
Ionatron (IOTN): ' ... got a $500,000 contract on Monday. It propelled the stock, and now it's pulled back. I suspect more contracts are in the works, and I am sticking with this, but only as a spec!... '
Diageo (NYSE:DEO): 'It's up in a straight line. We've had a huge ride ... I think you wait until a pullback, before you back up the truck.'
Jefferies Group (JEF): 'There is a belief among many that JEF is for sale... Why am I skeptical? ... I think Handler's too young to jettison it. I see the option activity... It's an inexpensive stock. I'll recommend it on earnings. If you get a takeover.'
Moog (MOG-A): 'MOGa is another company with great filtration. I like MOGa. I was actually preparing a segment on this, but I guess the cat's out of the bag!'
Kinross Gold (NYSE:KGC)
Yamana Gold (NYSE:AUY)
Golden Star Resources (NYSEMKT:GSS)
First Solar (NASDAQ:FSLR): 'It's had a big run ... Wait for the pull back on the expiration of the lockup next week, then FSLR.'
Charter Communications (NASDAQ:CHTR): ' I think could mark time. If it goes below $3.40, (pull the trigger), but not until then. There is tremendous pin action in the cable business, because of the triple play. I looked at the CHTR quarter, and I liked what I saw very much.'
Goldman Sachs (NYSE:GS)
Allegheny Technologies (NYSE:ATI)
Brookfield Asset Management (NYSE:BAM)

Bearish calls:

Gmarket (GMKT): 'I'm in the 'don't buy' camp on this Korean eBay. I'd rather own EBAY itself.'
Hansen Medical (NASDAQ:HNSN): 'No. You're ringing the register. Sell, sell, sell! ... that the gain has been made.'
Tanzanian Royalty Exploration (TRE): 'We are very nervous about this one, because we haven't done the work ... If you're going to roll the dice, you might as well roll them with a company called Tanzanian, but it's not my cup of tea.'
Starbucks (NASDAQ:SBUX): ' ... it's long-term good ... Long-term good means you don't like it. I don't like SBUX here. The quarter wasn't that good ... Don't buy, don't buy.'
Trina Solar (NYSE:TSL): 'No. I'm going to steer you toward First Solar.'
Bank of America (NYSE:BAC): 'Trouble. Trouble ... I know this is a well-run bank, but I wish they would stop making so many acquisitions! ... I've got to say, 'don't buy, don't buy...'

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