Jim Cramer's Mad Money Lightning Round, 3/18/08: Apple Ripe for Picking

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Includes: AAPL, AMFW, APPCQ, BBRY, CRN, CROX, DRYS, F, FLR, FRO, FTI, GS, GSK, HCBK, MBI, MER, PENN, SCCO, SGP, USB, WFC
by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday March 18. Click on a stock ticker for more analysis:

Bullish calls:

Goldman Sachs (NYSE:GS): “These guys are just fabulous! They're working for you! They bought back stock I'd rather own GS, up $24 [than MER]... buy, buy, buy!...”
Foster Wheeler (FWLT): “You want an infrastructure play? FWLT, at $55, and there's a huge seller, so you'll be able to buy it pretty darn cheap... “
Hudson City Bancorp (NASDAQ:HCBK)
FMC Technologies (NYSE:FTI): "They are the ones that are making the best energy production stuff... That stock was up $4 today, and it's still not too late."
GlaxoSmithKline (NYSE:GSK): "I did a lot of work on GSK. All I can tell you is the dividend is so safe."
Schering-Plough (SGP): "That's why I'd rather be in an earnings growth story, with a weak dollar kicker, which is Schering-Plough."
US Bancorp (NYSE:USB): "USB and WFC both picks... for trades only... in order to be able to gain when the next bank goes belly-up, and there will be some..."
Wells Fargo (NYSE:WFC)
Research In Motion (RIMM): " I think RIMM is having a great quarter, and I'm not backing away from that one."
Apple (NASDAQ:AAPL): " And I'm now liking AAPL, as it got to that $125 level..."
Frontline (NYSE:FRO): "That's the one I'm going to stock with. I like that dividend best." - Freeport-McMoRan (NYSE:FCX)
Southern Peru Copper (PCU): "I think it goes higher!"

Bearish calls:


Merrill Lynch (MER): “I think MER had a big move today. It's up $5. I can't recommend that one.”
Fluor (NYSE:FLR): “ I don't mind that stock. It was up huge today... up $11.79.... that's a big move.”
Penn National Gaming (NASDAQ:PENN): "You know, I'm not an arbitrager, so I am not going to recommend that stock... don't buy, don't buy."
MBIA (NYSE:MBI): "Well, I don't really care for that group." - Cramer's Take - Stockpickr), Flotek Industries (NYSE:FTK): "They delayed their filing of their 10-K... That's never positive."
Ford Motor (NYSE:F): " …all I would recommend, is the preferred... not going to recommend the common."
Dryships (NASDAQ:DRYS): "I saw it was up $6... I had stayed away from that group for a long time."
Cornell Companies (CRN): "They lost a big contract last week. I didn't like that. It's not a group I really like. They're too beholden to government spending... don't buy, don't buy."
Crocs (NASDAQ:CROX): "I'm not a CROX believer. I think there's too many knockoffs... I don't want to be there."
American Apparel (APP): "I don't like the management... I don't like the way they handle themselves."
Southern Peru Copper (PCU): "I think it goes higher!"
Wachovia (NASDAQ:WB)

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