Cramer's Lightning Round - I Don't Like Fossil's Game (8/20/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday August 20.

Bullish Calls:

Seadrill (NYSE:SDRL), Schlumberger (NYSE:SLB): "Seadrill is one I've been too conservative on. It has been a great stock. I missed it, candidly, but it has more room to run. I apologize I missed it, because I was focused too much on Schlumberger, which is a really great company that I continue to like very much."

Duke Energy (NYSE:DUK): "You should buy Duke ... We like Duke. Duke is good."

Bed, Bath and Beyond (NASDAQ:BBBY): "I think this company has been overly punished for that past quarter. I agree it is a buy."

Booz Allen Hamilton Holding Corporation (NYSE:BAH): "We have liked that. When they got a special dividend, we thought it would go higher. I reiterate, it is a good situation."

American Capital Agency (NASDAQ:AGNC), Annaly Capital (NYSE:NLY): "If we are going to do that group, I like AGNC and NLY."

Hexcel (NYSE:HXL): "Terrific aerospace play. It is chronically undervalued. When people see how many Dreamliners are getting shipped, they will flock to HXL."

Bearish Calls:

Fossil (NASDAQ:FOSL): "They lowered expectations so they could be beaten. That's not my kind of game. I'm going to say 'don't buy.'"

International Game Technology (NYSE:IGT): "I'm not going to go there. We are over-casinoed. They need a building or rebuilding cycle, and they don't have it."

American Capital (NASDAQ:ACAS) Cramer prefers American Capital Agency and Annaly.

Harris (NYSE:HRS): "Even at a 52 week high, it is chronically undervalued. I like it very much."


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