Calling Tele Norte - Cramer's Lightning Round (4.21.08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday April 21. Click on a stock ticker for more analysis:

Bullish calls:

Caterpillar (CAT): "I think CAT is one of the greatest companies in the world…CAT is going to blow its numbers away, I think, for the next year or two, and just take advantage of those analysts who said sell it, and buy, buy, buy!"
L3 Communications (LLL): " …continues to go higher, and it's one of my absolute favorite defense plays."
Alliant Techsystems (ATK), General Dynamics (GD), Northrup Grumman (NOC)
Hasbro (HAS): "That was one beautiful quarter! I am telling you right now that this was a beginning of a major HAS move."
Tele Norte Leste (TNE): "You've got more to come there! You've got Brazilian horse sense."
Frontline (FRO): "When it comes to shipping, I have been front and center with one... Frontline Ltd."
Hess (HES): " HES had a big move today."
Occidental Petroleum (OXY): " I think the integrators are so much better than the individual refiners that I'm going to suggest both Occidental Petroleum Corp. and ConocoPhillips."
Conoco Phillips (COP)
Vale de Rio Doce (RIO): "I think that RIO is absolutely the single cheapest metals stock in the world, because they own - and have a hammer lock on - nickel! And you can't get enough of it..."
BHP Billiton (BHP): "These stocks cannot be contained by gravity!"
Freeport McMoRan (FCX), JPMorgan Chase (JPM), Hudson City (HCBK)

Bearish calls:

Intuitive Surgical (ISRG): " We've had a huge gain in ISRG. I think it's done. I'd rather see you in Hologic Inc. ISRG... Right here, right now, I am saying take it off the table."
Mattel (MAT), Valero (VLO)
Capstead Mortgage (CMO): "You know, that group is having a move. CMO is participating in it, but it's not my favorite..."
Paragon Shipping (PRGN)

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