Jim Cramer's Mad Money Lightning Round Picks, 8/17/07

 |  Includes: AME, BOOM, CAT, HON, IR, LPHI, UBS, USB
by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday August 17. Click on a stock ticker for more analysis:

Bullish calls:

Honeywell (NYSE:HON): [CEO Dave Cote} '... is just the master of Honeywell. He's buying back stock hand over fist. He's doing a great job. ... Honeywell is absolutely a Triple Buy.'
UBS (NYSE:UBS): 'Has been spindled, mutilated, crushed, whipped, and you know what? It's a great franchise, and it's going to come back. ... The stock is way, way off its 52-week high. ... Let's pull the trigger if we can around here and buy some UBS. ... It's going to start rallying.'
Caterpillar (NYSE:CAT): ' ... is now down ... 16 straight points.'
The Travelers (NYSE:TRV): 'I've got to send you to Travelers. I know that they've got great cash flow, and they take advantage of the absolute chaos.'
Ingersoll-Rand (NYSE:IR): 'Warren Buffet has been buying this stock almost as aggressively as the company has itself ... is a buy.'
Ametek (NYSE:AME): 'Precision instruments is a good business. ... I like Ametek.'
American International Group (NYSE:AIG) ' I think that AIG may be a better bet now that the Fed has blinked.'
Goodyear Tire (NASDAQ:GT): 'They did the restructuring, and the stock has been knocked down like every industrial company has ... I think you've got to stick with Goodyear.'
US Bancorp (NYSE:USB): 'I think Warren Buffet has just bought a ton of USB. Very little exposure to the mortgage market. ... US Bankcorp is fine with me. I would stick with US Bancorp.'

Bearish calls:

Dynamic Materials (NASDAQ:BOOM): 'It has been a stalled stock. Metal-working, welding -- you need a stronger economy for it. ... Don'tBuy Don'tBuy. I say be careful.'
Life Partners (NASDAQ:LPHI): 'I frankly don't understand what part of the life insurance business they're really in. ... That's a hard business to understand.'

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