Jim Cramer's Mad Money Lightning Round, 3/14/08: UPS Has Yet to Deliver

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, March 14. Click on a stock ticker for more analysis:

Bullish calls:

Wal-Mart (NYSE:WMT): “Goldman Sachs…downgraded WMT this week…we are still in recession mode. I think WMT is going to deliver a great quarter…I think WMT is a winner..You got a good call.”

Apache(NYSE:APA): “ I like natural gas better [than coal]…Apache’s doing great.”

Andarko Petroleum(NYSE:APC), Chesapeake Energy (NYSE:CHK)
Core Labs (NYSE:CLB): “… is hanging in there…even at $122 (it is down 30 points) is a buy.”
Procter & Gamble (NYSE:PG): “ … is bullish…they are in the process of getting rid of the divisions…they are committed to raising the dividend …great buyback.”
Allergan (NYSE:AGN): “I have been absolutely amazed this stock has been acting so badly…I think it is a remarkable company…people fear the drug stocks…I have been right for two years and wrong for 3 months but I am sticking with AGN.”
Philippine Long Distance (NYSE:PHI): “Let’s just say I should revisit it… “

Bearish calls:

Peabody Energy (BTU): “There is an unbelievable battle between shorts and the longs…as much as I like BTU, I like natural gas better."
UPS (NYSE:UPS): “It is one of the best –run companies in America…I don’t think it is going to make you money in a while….I am going to put it in the don’t buy camp for now.”

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