Caterpillar Cheap - Cramer Lightning Round (8/11/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday, August 11.

Bullish Calls:

Toronto Domnion (TD) -- “Toronto Dominion is one of the best run banks. I like Toronto Dominion. I think it is a buy here.”

Terex (TEX) -- “This stock is too cheap. I am a buyer.”

Caterpillar (CAT) -- “This stock is even cheaper than Terex and Caterpillar has a better brand name.”

Visa (V) -- “I like Visa better than Mastercard (MA) right now. I want to buy it.”

L3 Communications (LLL) -- “This stock could do well no matter which candidate is elected president. I think it is right to buy L3 Communications.”

Ratheon (RTN) -- “I am bullish on this defense stock.”

Bearish Calls:

Intrepid Potash (IPI) -- “Fertilizer is in a world of hurt. I can’t get behind IPI.”

Allegheny Tech (ATI) -- “I wouldn’t recommend Allegheny right now.”

Patriot Coal (PCX) -- “This stock must be sold. Natural gas is cleaner, cheaper and better than coal. Stay away from coal stocks.” 

 

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and Stop Trading!

Get Cramer's Picks by e-mail -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com