Jim Cramer's Mad Money Lightning Round, 1/28/08: Deep in the Heart of Texas Instruments

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday January 28. Click on a stock ticker for more analysis:

Bullish calls:

Ultra Petroleum (UPL): 'They have a great relationship with the Bureau of Land Management. I think they're drilling all over the place. I want to buy, buy, buy, buy, buy.'
DirecTV (DTV)
Discovery Holdings (DISCA): 'I've been buying Discovery because of Dave Zazlov, and because I genuinely believe that they are the only communication/TV business that I want to own right now…'
Mercadolibre (MELI): 'I think that you should be on the MELI secondary... I'm telling you to pull the trigger when that deal comes... Buy, buy, buy! This thing is down, and down hard and I think it's a mistake.'
Apple (AAPL)
First Solar (FSLR): ' I would leg into FSLR here. The stock has come down a lot and I would start buying.'
Northrop Grumman (NOC): 'It's got great cash flow. It's terrific … I think that NOC is generating just too much cash flow to stay down here.'
Boeing (BA): 'I like Boeing, but I like BA off of commercial, not military.'
AT&T (T): 'T's business is good... it's wireless business is really excellent. I want to pull the trigger at $35.'

Verizon (VZ): 'I feel very strongly that … VZ should be bought …. That stock was down a buck at one time. There's too much negativity for VZ.'

Texas Instruments (TXN): 'The buyback has been humongous. They actually had a great conference call. ... No one wants to own TXN except for you and me. . I am standing behind TXN.'

Bearish calls:

McGraw-Hill (MHP): 'The stock is very inexpensive. If you think that structured product can come back at all, you've got a real winner. I want to wait. I think you get paid to wait.'
Broadcom Corp (BRCM): 'We have not been fans of BRCM for many, many years here.'
Trimble Navigation (TRMB): 'GPS is now too competitive. I don't want to touch it. Don't buy, don't buy.'
Garmin (GRMN): ' Ialso would use any price increase that we get, above $70, to sell Garmin.'
MEMC Electronics (WFR): 'I don't want to be in WFR. I would actually start scaling out of WFR.'
Southern Peru Copper (PCU): ' I am not going to make a big bet on copper here, even though I think China's strong, and housing could come back in this country, I just think it's dead money.'
Clearwire (CLWR): 'I just think it's too hard.'
Aecom Technology (ACM): ' … perception of municipalities not being able to spend has made that company a distinct don't buy... even though I think its business is good. Let's see what the quarter is.'

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