Can't Turn My Back - Cramer's Lightning Round (8/26/08)

Includes: CALM, F, FCX, LL, T, X
by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, August 26.

Bullish Calls:

AT&T (NYSE:T) --I can’t turn my back on AT&T when it’s just 50 cents from its low, especially since it has great growth and a nice dividend.”

Freeport-McMoRan (NYSE:FCX) -- If you want to own a mineral company this is the stock.  I think it could be taken over.”

Bearish Calls:

Cal-Maine (NASDAQ:CALM) --This stock has the potential for a short squeeze. I won’t recommend it for that reason. If you believe in the business, it is a buy. Otherwise sell, sell, sell.”

Ford (NYSE:F) -- Ford is too dangerous for me to recommend. The stock is too speculative. I can’t touch it.”

Lumber Liquidators (NYSE:LL) -- Not in a healthy sector. Go with Lowe’s instead."

U.S. Steel (NYSE:X) -- “The stock is inexpensive. This is too much of a cyclical stock to own right now. No one wants these cyclical stocks anymore. This stock is going to be stuck in the mud for a long time. Don’t Buy.”

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