Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, July 29.
ABB Ltd. (ABB) -- “The stock was down last week they reported a monster quarter. I went over it with a fine tooth comb. The report was bullish. I see it going to $32.”
General Electric (GE) -- “General Electric like ABB is an infrastructure play. I like them both. I see GE going to $30.”
Wells Fargo Bank (WFC) -- “I like Wells Fargo a lot more than Huntington Bank.”
Transocean (RIG) -- “Transocean is out of favor because oil is down. I think you are right to concentrate on value. The stock has a P/E under 9. I am not abandoning the stock it is too good. The stock is going lower but I want to Buy, Buy, Buy.”
Garmin Limited (GRMN) -- “I consider it a commodity and I do not like commodities. Garmin could fall substantially from these levels. Sell! Sell! Sell!”
Authentec (AUTH) -- “No, No. This one is too speculative.”
Thoratec (THOR) -- “The stock is in the right kind of group but I have not finished doing research so I can’t recommend.”
Intrepid Potash (IPI) -- “I believe tomorrow Intrepid will be up. Sell into strength tomorrow.”
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