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

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Includes: AKS, APA, AXYS, BAM, CIEN, CLB, CXO, FMC, OII, RS, SCHN, X, XTO, YUM
by: Miriam Metzinger

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 (NYSE:CLB): ‘CLB is best in show.’
FMC (NYSE:FMC)
Oceaneering International (NYSE: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 (NYSE:APA): ‘Apache Corp.has a good mix of gas and oil, and is really smoking...’
XTO Energy (XTO)
Ciena (NASDAQ:CIEN): ‘I have favored CIEN… has pulled back here.’
Reliance Steel (NYSE:RS): ‘It's got a lower valuation... it's not moved that much... I'm going back to RS.’
AK Steel (NYSE:AKS)
United States Steel (NYSE:X)
Brookfield Asset Management (NYSE: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 (NYSE: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 (NYSE:CXO)
Axsys Technologies (AXYS)
Schnitzer Steel Industries (NASDAQ:SCHN): ‘They missed the quarter, man ... If you want a missed-the-quarter steel company, go buy letter X.’
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