Cramer's Lightning Round - Abbott Has $60 Written All Over It (3/12/12)

Includes: ABT, KLAC, MSFT, RIG, S, SE
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday March 12.

Bullish Calls:

Abbott Labs (NYSE:ABT): "This stock is on a tear...we think this stock has $60 all over it. I think you hold on."

Microsoft (NASDAQ:MSFT): "I think the stock is cheap. I'd be a buyer."

Sprint (NYSE:S): "...I would rather see you in the bonds. Sprint has to raise money. That will help the bonds."

Spectra Energy (NYSE:SE): "What a great transports and stores natural's at a 52 week high. I still like it. Great management and tremendous growth potential."

Bearish Calls:

KLA Tencor (NASDAQ:KLAC): " are right to be've got 2.8% yield...wait for it to go down, and then pull the trigger."

Transocean (NYSE:RIG): "This stock has run big to the bottom, and I don't care for it."


Jim Cramer's Action Alerts PLUS: Trade right alongside a Wall Street pro! Start your 14-day FREE trial today.

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