Jim Cramer's Mad Money Lightning Round Picks, 8/7/07

by: Miriam Metzinger

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

Bullish calls:

Chesapeake Energy (NYSE:CHK): 'The whole complex of natural gas is so ridiculously too low. Just because we had a couple of months stored... CHK is a great driller. It's got great assets. I believe that natural gas will come back in vogue.'
Wynn Resorts (NASDAQ:WYNN): 'Look, Macau gambling is for real! I've been behind the Macau gambling... I still like Wynn.'
Las Vegas Sands (NYSE:LVS)
Apache (NYSE:APA): 'I like APA. It has oil, it has gas, and it's right. It's beaten down, and I would pull the trigger today! '
Schlumberger (NYSE:SLB): 'Do you know that Schlumberger is selling at 17x next year's earnings?... This is just a very inexpensive stock... how could I not recommend that unbelievable best-of-breed?...'
Helix Energy (NYSE:HLX): ' ... as much as I like the HLX... If SLB's selling at 17x earnings, I mean, how could I not recommend that unbelievable best-of-breed?... '
Shaw Group (SGR): ' ... don't hold me to it, but I think that's going to be good. And SGR is on a remarkable run!... Now, look, understand... We had that horrible bridge tragedy, but all of us know the infrastructure is woefully needing repair. It's SGR. The infrastructure bull market is probably the strongest market on earth!'
Fluor (NYSE:FLR)
McDermott (NYSE:MDR)
DaimlerChrysler (DCX)
Boeing (NYSE:BA): ' ... but I am reiterating absolutely that Boeing is a buy, and the orders will trickle down. It's just that we don't have them right now.'
Cisco (NASDAQ:CSCO): ' ... reported a blowout quarter tonight - as we've been predicting endlessly, and finally it happened... Remember, he did announce the $5 billion buyback at the end of his last quarter... buy, buy, buy - CSCO, even above $31. '
Level 3 Communications (NASDAQ:LVLT)
Garmin (NASDAQ:GRMN): ' ... conference call for GRMN was amazing. The guide up was huge... GRMN's a keeper! Stay with GRMN - buy, buy, buy! '
Under Armour (NYSE:UA)
Temple Inland (NYSE:TIN): ' ... Temple Inland remains my favorite, courtesy of Carl Icaan and his restructuring. '

Bearish calls:

Zebra Technologies (NASDAQ:ZBRA): 'I personally think that the bar code business has peaked. It's just not exciting to me. I don't want to be in it. Don't buy, don't buy.'
Haynes International (NASDAQ:HAYN): '... didn't report a good quarter..., is the aerospace bull market caput?... I think that there's a big lag between when the (Boeing) Dreamliner gets built, and all of these stocks blow away their numbers... Now it's still painful ... I think this group is going to be on hold, and the better side is the defense stocks right now..'.
Starbucks (NASDAQ:SBUX): ' ... I want good, solid growth... and consistent growth... and SBUX can no longer give that to me. Don't buy, don't buy. At $23, I'll pull the trigger.'
Juniper Networks (NYSE:JNPR): 'I believe that CSCO is better than JNPR. I am telling you - sell, sell, sell - JNPR.'
Weyerhauser (NYSE:WY): 'They can't deliver.'

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