Jim Cramer's Mad Money Lightning Round Picks, 8/15/07

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Includes: AKAM, ARAY, BHP, CAH, DVMT, DWNFQ, EXC, FCX, FSLR, FTEK, HE, ISRG, JCP, MHS, ONB, PKX, T, VMW
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday August 15. Click on a stock ticker for more analysis:

Bullish calls:

HMS Holdings (NASDAQ:HMSY): 'We've always liked this. This is one of those companies ... that do cost control for medical.'
MedcoHealth Solutions (NYSE:MHS)
Cardinal Health (NYSE:CAH)
AT&T (NYSE:T)
EMC (EMC): 'I think that EMC is a better way to play VMware right now.'
Intuitive Surgical (NASDAQ:ISRG):
Freeport-McMoran (NYSE:FCX): 'This is a gold company and a copper company in a deflationary spiral mandated by the Federal Reserve. ... Am I backing away from it? No. ... I will say bull to Freeport.'
First Solar (NASDAQ:FSLR)
Exelon (NYSE:EXC): 'Well-run ... can do well. ... I say two thumbs up to Excelon/'
Hawaiian Electric (NYSE:HE): 'I like the utilities here. This one's got a very high yield. It's in a growth market. ... I stick with Hawaiian Electric.'

Bearish calls:

J.C. Penney (NYSE:JCP): 'I have been doing some work on J.C. Penney. 52-week low ... retail very hard to own ... I like to wait and see the quarter.'
Posco (NYSE:PKX): 'It's not a House of Pain anymore. It's literally a Nation of Pain ... Don'tBuy, because it can go lower.'
One National Banc (NYSE:ONB): 'Every bank is for sale here. ... I cannot recommend a bank on this show. I can't because I like other sectors so much more. Don'tBuy Don'tBuy Don'tBuy.'
BHP Billiton (NYSE:BHP): ' I am not going to walk away from these, but you have to understand, these stocks are in the crosshairs of the Fed, and they are going to go down.'
Fuel-Tech (NASDAQ:FTEK): ' ... is so speculative in this environment.'
Downey Financial (NYSE:DSL): 'Downey is a stock that will fly up 20 points when the Fed decides to blink. ... I think Downey's book value is pretty clean. I am surprised it got down to $47. I can't back away here.'
VMware (NYSE:VMW): '$60 is my target, and we're already up another $7 today.'
Accuray (NASDAQ:ARAY): 'Accuray, frankly, is not a stock that I can pull the trigger on.'
Akamai (NASDAQ:AKAM): 'We know that Akamai's the wrong thing.'

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