North Sea Oil Declining - Cramer's Mad Money (7/14/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer's Mad Money TV program, Monday, July 14.


Bullish Calls:


Hercules Offshore (NASDAQ:HERO) -- "My hero! Obvious winner if the president gets his way. Hercules is the right way to play it."

Airgas (ARG) -- "I really like this stock.  Fabulous business! A win!"

Laboratory Corp. of America Holding (NYSE:LH) – "Swap Quest Diagnostics for Laboratory Corp."


Bearish Calls:


Encore Wire Corp (NASDAQ:WIRE) -- "This is a problematic one. They are buyers of copper.  I think copper is going much higher.  Don't want to own them.  Don't want a link to residential wiring in a housing crisis."

Statoil (NYSE:STO) -- "Decline in North Sea oil; they are running out of oil.  We want to be in natural gas.  This company is losing oil and will lose you money as a stock.

Quest Diagnostics (NYSE:DGX) -- "I don't like this as much as LH.  Swap to that."


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