Bullish on Coke - Cramer's Lightning Round (8/12/08)

|
Includes: AAPL, CALM, KO, LINEQ, MIG, RIG, STAR, VISN
by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, August 12.

Bullish Calls:

Coca Cola (NYSE:KO) -- “I am bullish on Coke. They reported a strong quarter and have costs under control.”

Apple (NASDAQ:AAPL) -- “Apple is a buy. Apple is known for its wild price swings so I don’t want people to buy an entire position at once. Buy small increments as the price declines.”

Transocean (NYSE:RIG) -- “Oil and gas have come down enough that Transocean can be bought.”

Linn Energy (LINE) -- “I am bullish on natural gas stocks right now. This stock is a great value.”

Cal-Maine Foods (NASDAQ:CALM) -- “I like the fundamentals. I likes the stock but I urge caution because Cal-Maine is so close to its 52-week high.”

Meadowbrook Insurance (NYSE:MIG) -- “The stock has potential as a speculation play only. It’s a very small company, so do your homework before you decide to buy.”

Bearish Calls:

VisionChina Media (NASDAQ:VISN) --Fertilizer is in a world of hurt. I can’t get behind IPI.”

iStar Financial (SFI) -- “This company is high risk. Even down here I don’t trust it.”

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