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

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Includes: AAP, ARNA, AZO, KORS, PPC, RLOC, TNH
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): "...it 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."

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