Jim Cramer's Mad Money Lightning Round Picks, 7/23/07

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday July 23. Click on a stock ticker for more analysis:

Bullish calls:

Oracle (ORCL)
Reliance Steel (RS): 'Everybody's decided that all the steel stocks have to be SoldSoldSold. ... What Cramer's telling you is to pull the trigger on this weakness after that great quarter. Pretty simple.'
Transocean (RIG)
GlobalSantaFe (GSF)
Consolidated Edison (ED): ' If you're looking to be conservative - I would suggest to you Con Ed.'
Altria (MO): 'Take a little risk - and there's a little political risk, and I think it's not that bad... I would recommend Altria.'
Flotek Industries (FTK): 'I think Flotek is one of the kind of stocks ... This group is so in bull market mode, it is taking up everything!'
Schlumberger (SLB)
Goldman Sachs (GS): ' GS is challenged not as a company. ... I'm staying pat with Goldman Sachs for my charitable trust.'
Brookfield Asset Management (BAM): 'People have been dissin' it ... BAM ... should be bought here. I think people dissin' BAM are gonna have to face the music.'
AT&T (T): ' If that stock comes down, that too has got a great yield.'
Valmont Industries (VMI): 'I have been talking about this bull market in lighting, and it's really working here. It's a winner. I would stick with Valmont.'

Bearish calls:

Symantec (SYMC): 'Can't recommend it, frankly.'
Hercules Offshore (HERO): 'The reason that it's not kept pace with the group is that it's shallow drilling. ... I cannot get behind that one.'
Halliburton (HAL)

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