Buy Rent-A-Center -- Cramer's Lightning Round (7/24/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday, July 24.

Bullish Calls:

Nabors (NYSE:NBR) -- “Nabors is a better choice than Halliburton.” 

Schlumberger (NYSE:SLB) -- “Schlumberger is a better choice than Halliburton.”

Starbucks (NASDAQ:SBUX) - “This stock is now finally at a price where I want to buy at 14.”

Costco (NASDAQ:COST) -- “I like it because it is down a lot.”

Rent-A-Center (NASDAQ:RCII) -- “Ideal for this economy. Rent-a-Center makes their money on the interest. When people can’t buy they rent. That is what we want.”

Bearish Calls:

Whole Foods (WFMI) – “I have been negative on the stock for literally 20 points. They are too expensive for most people. Amazingly it is now a yield play at 3½ %. Below $20 I can embrace it.” 

Halliburton (NYSE:HAL) -- “I thought the quarter was OK. Ring the register. Sell, Sell, Sell.”

Interdigital  (NASDAQ:IDCC) -- “It is connected to wireless. I am not a fan of wireless. Ring the register. Take profits.”

Petrohawk Energy (NYSE:HK) -- “Speculative. Natural gas will be the fuel until we come up with an alternative. The stock will not turn around until natural gas hits $8 and bounces back.” 

Waste Management (WMI), Republic Services (NYSE:RSG) – “We recommend Republic Services over Waste Management but would take profits in both.”


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