Cramer's Lightning Round - I've Got Enough Problems Without Kors (5/29/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday May 29.

Bullish Calls:

AutoZone (NYSE:AZO): " is a stable company and is buying back stock."

Pilgrim's Pride (NYSE:PPC): "I like it because its raw cost is grain, and grain is coming down."

Arena Pharmaceuticals (NASDAQ:ARNA): "I like it as a spec. That stock can go higher. That said, it has had a move, so let's be careful."

Bearish Calls:

Michael Kors (NYSE:KORS): "I've got enough problems. I don't need to be in KORS."

Advance Auto Parts (NYSE:AAP): "I don't want to be in that."

Terra Nitrogen (NYSE:TNH): "They cut their estimates...don't buy that group."

ReachLocal (NASDAQ:RLOC): "Don't reach for Reach...I'd be a seller and run."


Jim Cramer's Action Alerts PLUS: Trade right alongside a Wall Street pro! Start your 14-day FREE trial today.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.