Jim Cramer's Mad Money Lightning Round 2/29/08: The ABCs of ABB

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday February 29. Click on a stock ticker for more analysis:

Bullish calls:

ABB (NYSE:ABB): ’I think ABB is a great infrastructure play without the worries that you got from URS Corp. (NYSE:URS) this week…I’m not worried that the CEO quit.’
CVRD (NYSE:RIO): ‘You buy that stock! … it's a dominant mineral company, and there is no worldwide slowdown.’
Cleveland-Cliffs (NYSE:CLF): ‘ … may I recommend - now on this huge pullback - Cleveland-Cliffs now down 10 straight points after a monster quarter...’
Quicksilver Resources (NYSE:KWK): ‘That is the ideal company to buy, as natural gas goes higher! They've got all these stripper wells that are worth more and more... I think KWK is great.’
Yamana Gold (NYSE:AUY): ‘Remember, if that stock goes below $16, I'm going to buy more for my charitable trust... I hope you join me.’
Gushan Environmental(NYSE:GU): ‘I want you buy it ahead (of earnings)... Chinese biofuel... I think that's a terrific idea. GU, it's a speculative name.’

Bearish calls:

Oceanfreight (NASDAQ:OCNF): ‘I have not been in a mood to buy those stocks, despite those yields... Don't buy, don't buy...’
RH Donnelley Corp (RHD): ‘Sure enough, they just delayed their 10-K... The stock is down... one of the biggest percentage decliners I've ever seen, down $10 to $7...’
Western Digital Corp (NYSE:WDC): ‘If we had a better tape... if the market were better... I would be buying that hand over fist…let’s wait until the mid-20s.’
Delta Airlines (NYSE:DAL): ‘No, no... DAL is no good, with oil at $100... I need you to sell that stock.’

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