Cramer's Lightning Round - Atlantic Power's Yield Is Safe (7/27/12)

| About: OSI Systems, (OSIS)

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday July 27.

Bullish Calls:

Atlantic Power (NYSE:AT): "A lot of people think it is dicey, but I think the dividend is safe. It is a very high dividend (8.5%)."

Anadarko Petroleum (NYSE:APC), Apache (NYSE:APA): " ... Anadarko is going to report on Monday. That is a better buy (than Chesapeake), and so is Apache. They have better balance sheets."

Church & Dwight (NYSE:CHD): "It never quits ... that is a terrific one."

Magnum Hunter (MHR): "This is a spec call coming back. A couple of guys upgraded that this last week. I like it. But it is a spec, so it can go up and down a lot."

OSI Systems (NASDAQ:OSIS): "I like it. It makes a lot of sense. It is a small cap stock, though."

SPDR Gold Trust ETF (NYSEARCA:GLD): (Cramer prefers this to gold miners, like Agnico Eagle Mines.)

Danaher (NYSE:DHR): "People didn't like the quarter. I thought that was a mistake. I like these guys. It is a terrific opportunity. DHR is better than the others, and I want to own it."

Bearish Calls

Chesapeake Energy (Cramer prefers Anadarko Petroleum and Apache.)

Agnico Eagle Mines (NYSE:AEM): "That quarter was not so bad, but I"m going to send you to GLD."

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