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

|
 |  Includes: AGN, BBY, BIDU, BSX, CAG, CHA, DYN, ENG, EYE, GD, LMT, LOW, NMX, NOC, NVDA, PWRD, RNWK, RTN, SPNC, TCK, THMR
by: Miriam Metzinger

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

Bullish calls:

Nvidia (NASDAQ:NVDA): 'They make the fastest gaming chips. They make the best ones. You buy some and then, if it comes in, you buy some more ... It's a growth stock in the right quarter, at the right time of the year ... NVDA is two thumbs up.'
Dynegy (NYSE:DYN): 'I like DYN as an asset play, and if the earnings don't hit the number, because of some natural gas realization, come on ('mon-back sound)... step up to the plate...'
China Telecom (NYSE:CHA)
Baidu.com (NASDAQ:BIDU)
Nymex (NMX): 'I believe someone will buy, but I would not recommend a stock just on its takeover ability alone... I would emphasize that, on its earnings - and the earnings here are unbelievable.'
Teck Cominco (NYSE:TCK): 'People worry that China doesn't have enough demand... that maybe our economy is so slow that it's going to bring down the rest of the world. That's not true. TCK is still a buy. I like it very much.'
Lockheed Martin (NYSE:LMT): 'I want to buy the defense stocks here. I think it's a terrific opportunity. Don't take your cue from the stocks. Take your cue from the companies, and LMT is doing incredibly well!'
General Dynamics (NYSE:GD)
Raytheon (NYSE:RTN)
Northrop Grumman (NYSE:NOC)
Ralcorp Holdings (RAH): 'I've liked RAH before on the show. I like it now.'
ENGlobal (NASDAQ:ENG): 'This is a company that does everything you need to do to produce refining petroleum. It's right. You're right. I'm staying with it. '
Thornburg Mortgage (TMA): 'I just don't think they're as bad as the bears think.'
Allergan (NYSE:AGN): ' ... for anything eye... I'm going to send you that way.'

Bearish calls:

Spectranetics (NASDAQ:SPNC): ' ... don't know whether I want to buy it all the way up here... don't buy, don't buy... there are so many that are still down, but it's a good quality company.'
Boston Scientific (NYSE:BSX)
Perfect World (NASDAQ:PWRD): 'I am just going to say forget about it... it's too darn hard.'
RealNetworks (NASDAQ:RNWK): 'Even thought the guys that run those companies throw really great cocktail parties, and probably wish that I was there, no thank you! (buzzer sounds)... '
Lowe's Companies (NYSE:LOW): 'You know, I can't recommend this sector right now - don't buy, don't buy - even though I know they have really easy comparisons. I can't go there. That sector's being too hurt. No to retail.'
Advanced Medical Optics (EYE)
Best Buy (NYSE:BBY): 'I think there's $3 up, $3 down... which means to me - don't buy, don't buy - not worth playing... '

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential Picks.

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

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com