Not Off the RIMM - Cramer's Lightning Round (9/3/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, September 3.

Bullish Calls:

Research in Motion (RIMM) -- “Overdone to the downside. I am not buying into the negativity. I'd rather own tech than sell tech. Research in Motion is a buy.”

Apple (NASDAQ:AAPL) -- “Apple is a buy.”

Corning (NYSE:GLW) -- “Corning is a buy.”

Molson Coors (NYSE:TAP) -- “I like Molson Coors. The raw costs have come down. I want to buy this one”

Brown Forman (NYSE:UPS) -- “I like Brown Forman as well.”

CVS Caremark (NYSE:CVS) --CVS, along with the rest of retail, is a part of the early-cycle rally taking place right now. He recommended buying CVS.”

Bearish Calls:

Yamana Gold (NYSE:AUY) --They missed the quarter, and there is no excuse to miss the quarter. I can’t recommend Yamana. I'd go with Agnico-Eagle Mines (NYSE:AEM)

ADC Telecom (ADCT) -- “Too hard. Inexpensive stock, but I do not like telecom. Don’t buy.”

MGM Mirage (NYSE:MGM) -- “Sell, sell, sell. We have too many casinos; the margins are horrible. I said to sell the casinos and I'm sticking with it.”

eBay (NASDAQ:EBAY) -- “No, No, No. Volume is declining and I can't get behind it. That one is trouble. Stay away from both internet companies.”

Yahoo! (NASDAQ:YHOO) -- “Yahoo is also trouble. Stay away from both internet companies.”

Sociedad Quimica of Chile (SOM) -- I think you’re in the house of pain with that, and it’s going to be at that address for a little bit.

Red Hat (NYSE:RHT) -- “I like Red Hat but I can’t get behind a software company right now.”

Eagle Bulk Shipping (NASDAQ:EGLE) -- “Buy Frontline (NYSE:FRO) instead.”

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