Jim Cramer's Lightning Round Picks, 10/31/07: Yummy YUM

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday October 31. Click on a stock ticker for more analysis:

Bullish calls:

Core Labs (CLB): ‘CLB is best in show.’
FMC (FMC)
Oceaneering International (OII): ‘I am telling you right now, I want you to be big in it ('mon-back sound)... I want you to be big in FTI... OII is terrific.’
Apache (APA): ‘Apache Corp.has a good mix of gas and oil, and is really smoking...’
XTO Energy (XTO)
Ciena (CIEN): ‘I have favored CIEN… has pulled back here.’
Reliance Steel (RS): ‘It's got a lower valuation... it's not moved that much... I'm going back to RS.’
AK Steel (AKS)
United States Steel (X)
Brookfield Asset Management (BAM): ‘BAM is run by a brilliant group of people. This could be the Canadian Warren Buffett... I would urge you to buy more.’
Yum! Brands (YUM): ‘I want you to buy more of it! David Novak … is really putting together a multi-year... (Russia could be the next China, when it comes to KFC … I would recommend YUM, at $40, going to $45.’

Bearish calls:

Concho Resources (CXO)
Axsys Technologies (AXYS)
Schnitzer Steel Industries (SCHN): ‘They missed the quarter, man ... If you want a missed-the-quarter steel company, go buy letter X.’

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

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