Market Lunacy Provides Opportunity - Cramer's Lightning Round (7/17/08)

Stocks discussed in the lightning round session of Jim Cramer's Mad Money TV program, Thursday, July 17.

 Bullish Calls:

Ferrellgas Partners (FGP) -- "This stock yields 10%.  I have no idea how it could get down so much.  I want to own it."

Energy Conversion Devices (ENER) -- "Take advantage of this company.  This is one of the absolute finest alternative energy plays.  It's got some downside but I like it."

AT&T (T) -- "You have got to buy this stock.  It is preposterous that it is as low as 31.  I would not hesitate to buy it.  It has a 5% dividend."

MetLife, Inc. (MET) -- "This is a high quality insurer – the single besting life if not all insurance Chubb (CB) included. Take advantage of their decline and pull the trigger."

Marathon Oil (MRO) -- "This stock is an example of the lunacy of this market.  I would go buy the whole darn company. Buy! Buy! Buy!"

 Bearish Calls:

Sonic Corp. (SONC) -- "This stock has been annihilated.  This is a high quality company being slaughtered by ethanol.  I want to buy it but not until we stop the ethanol mandate."

 Cramer mentioned that Wall of Shamer Hector Ruiz is out as CEO of Advanced Micro Devices (AMD)

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Comments

[carey_jim]

You should also publish a record of how well Jim's stock picks do, over various time periods of course, including his short picks.

When appropriate, total return should be published too.

After all, Jim is certainly getting better or worse over time. Which is it?