Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, October 10.
Bullish Calls:
Johnson & Johnson (JNJ) -- “Johnson & Johnson is a buy. This stock bounced back early after the crash of ’87 and Johnson & Johnson could do it again.”
Bearish Calls:
Corning (GLW) -- “Wait until this $12 stock drops below $10 before you consider buying. I have doubts about the company because of the weak market for big screen TVs.”
AK Steel Holding (AKS) -- “This company has been through one of the biggest sell-offs I’ve seen. I recommend buying Nucor (NUE) because of its dividend. The steel stocks still have lower to go."
Chesapeake Energy (CHK) -- “A Wall Street Journal story reported that Chesapeake is out of cash so this stock is a don’t buy for now. You would be better off with a company in the oil patch with a yield."
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