Dynamite Drug Stock - Cramer's Lightning Round (8/21/08)

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Includes: ABT, ACAS, AMAT, FSLR, HD, JASO, POT, SPWR, TXT, WMIH, WTR, ZRAN
by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday, August 21.

Bullish Calls:

Textron (NYSE:TXT) -- “I am blown away by how bad this stock acts. I like the company very much. I’m not backing away from Textron. 52-week low today. I think that’s ridiculous. Buy, buy, buy.”

Abbott (NYSE:ABT) -- Abbott Labs is dynamite. They did a restructuring. They are saving money. It is the best acting drug stock. I am proud I own it. Buy, buy, buy.”

Home Depot (NYSE:HD) -- The recent quarter impressed me. I think they’re making a comeback. I am endorsing, right here, right now, a buy of Home Depot.”

Bearish Calls:

Potash (NYSE:POT) -- “I’m nervous. I have backed away from that fertilizer group. If you haven’t sold the fertilizers sell them into this rally. They’re just too darn risky at this point in the cycle.”

Aqua America (NYSE:WTR) -- “We’ve been down on that stock. That is a company that has scalded me. The company does not have real growth. I don’t like it.”

Zoran (NASDAQ:ZRAN) -- “They keep missing each quarter. I have no faith in this company whatsoever. If you own it, sell it.”

American Capital (NASDAQ:ACAS) -- They lend to businesses has been hit hard by both the bears and the media. They have a 20% yield but I don’t want you to buy it. Stay away from American Capital.

Washington Mutual (NYSE:WM) -- I cannot tell anyone in their right mind to buy WaMu. Washington Mutual is one of the absolute worst-run companies I have ever seen.”

JA Solar Holdings (NASDAQ:JASO) -- “You like risk, I like reward. I am not a buyer. I like First Solar (NASDAQ:FSLR), SunPower (NASDAQ:SPWR) and Applied Materials (NYSE:AMT) are better picks.”

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