Jim Cramer's Mad Money Lightning Round Picks, 7/20/07

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday July 20. Click on a stock ticker for more analysis:

Bullish calls:

PPG Industries (NYSE:PPG): 'I want you to pull the trigger on PPG ... Buy one half the position. Hope the market brings it down if there's no takeover, and I think you will make money.'
Millicom International Cellular (MICC): ' ... ahead of the quarter, maybe don't pull the trigger. If it comes in - that has fabulous growth, as does AMX. I endorse it.'
America Movil (NYSE:AMX)
Nova Chemicals (NCX)
Rhodia (RHA): ' ... these companies are just in bull market mode... You are in a really smart company. They do a lot of things right.'
Inverness Medical (IMA): 'This is the fastest-growing diagnostic stock in the world... It's made a great acquisition of Biosite, which is another Cramer fave... I say you buy and stick with IMA!'
Intuitive Surgical (NASDAQ:ISRG): ' ISRG, is still going higher! That's how good the quarter was. There are too many people who want in. Why don't you wait until Wednesday before you do any schnitzelling (i.e., selling some).'
General Cable (NYSE:BGC): ' ... I say, who needs to rebuild pipes? Who needs to rebuild electric lines? Who gets those orders? In most of America, it is BGC .... Now we've been up 30 points ... after the Chinese selloff ... It's still a buy!'

Bearish calls:

Gemstar (GMST): 'No, no. It's putting itself for sale... No. Sell, sell, sell. We had a very nice gain. Let's not overstay our welcome.'
Starbucks (NASDAQ:SBUX): ' I think that SBUX is trying to bottom ... If they can possibly just stabilize the same-store sales, you're talking about a company that finally is growing ... it's dead money. And I'm not going to encourage you to sell it anymore ... but, don't buy, don't buy... I don't know the rumors at all.'
Sara Lee (SLE ): 'SLE is not that good of a company ... I want you to take off a quarter of that stock. It's just dead money.'
GigaMedia (NASDAQ:GIGM): 'I don't see anything that I want that I want to pull the trigger on GIGM. I'm not going to plant it though. I'm just going to say 'don't buy...'
Rio Tinto (RTP): 'It's had a big run. It's making a lot of acquisitions... It's been terrific, but let's let it come in a little.'

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