Jim Cramer's Mad Money Lightning Round, 3/19/08: Don't Care a FIG for Fortress
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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday March 19. Click on a stock ticker for more analysis:
Bullish calls:
AT&T (T):
"Anytime T goes to $35, you're going to hear me say buy it. That's where it yields great."America Movil (AMX): "There's a big raid going on, sending down all the Latin American stocks that I like …We are using wide scales, because this market is all over the place, and we've got to be conservative."
Genentech (DNA)
Caterpillar (CAT): "I'll own Caterpillar below $70."
CVRD (RIO): "I like RIO right here. I would buy some but then, you know what? I would wait for it to go lower to buy more."
Freeport-McMoRan (FCX): "…there's bizarre volatility... I'm going to rebuild this 100 shares at a time for my trust... But not beginning until $80 .. Buy it slow... buy it in increments."
Bearish calls:
Marvel Enterprises (MVL): " I think the best may be behind them… sell, sell sell."
Vishay Intertechnology (VSH): "I have not liked component companies one bit."
Newell Rubbermaid Inc. (NWL): " I am really disappointed in that management…they have done nothing…I say sell."
The Blackstone Group (BX): "It shouldn't have come public, as far as I'm concerned. You never really know what they own."
Alliance Data Systems (ADS): "Once those deals break down, to be honest, I just don't care about it... I don't want to be there."
Fortress Investment Group (FIG): " …shouldn't be bought, and that stock's up a little bit. I would sell that one. I don't like these companies,
Millennium Pharmaceuticals (MLMN): "Sell, sell, sell... I've known this MLNM forever... It's not up stock. I just don't like it."
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