Bullish on Wachovia - Cramer's Lightning Round (9/5/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, September 5.

Bullish Calls:

Energy Transfer Partners (ETP) -- “I like Enterprise Product Partners better but Energy Transfer Partners is still a good stock.”

Atlas Energy Resources (ATN) -- “This company has a good yield, and with natural gas bottoming Atlas Energy is a buy.”

Wachovia (WB) -- “I like CEO Bob Steele, so this stock is a buy.”

PetroBras (PBR) -- “This stock is a buy.”

Bearish Calls:

Continental Resources (CLR) -- “Until oil bottoms, I can’t recommend this stock.”

Leggett & Platt (LEG) -- “Take profits on Leggett & Platt. This stock’s already had a good run.”

BP (BP) -- “Don’t buy the stock.”

Ambac (ABK) -- “Unless Fannie Mae (FNM) and Freddie Mac (FRE) are bailed out by the Treasury, I recommend staying on the sidelines when it comes to Ambac.”

Elan (ELN) -- “Can’t get behind it. Way too hard.”

Pitney Bowes (PBI) -- “Problematic. Don’t buy a company that misses earnings when there are so many others that hit their targets.”

Consol Energy (CNX) -- “Equitable Resources (EQT) is a better pick.”

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Comments

[Britishsteel:]

hey jim the bear guess what we ramp up hard on monday,they must pay you a pretty penny to disgrace your self the way you do. walking around with a bear, lol we go down hard again this week , give me a TV show will ya!!!!!!!!!!!!!!!

2008 Sep 05 10:05 PM

[lanaslinesd...:]

The mortgage situation has a long way to go, look to buy into financials with limited exposure to the subprime mess like BAC, WFC and JPM on down days. No rush, things will get worse before they get better.

Have an investment idea, share it with my group at this link www.lanaslines.com/com...

2008 Sep 07 02:43 PM