Better Choices - Cramer's Lightning Round (10/15/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, October 15.

Bullish Calls:

Continental Resources (NYSE:CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.”
3M (NYSE:MMM) -- “The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.”

Bearish Calls:

Computer Sciences (CSC) -- “This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NYSE:NLY) -- “I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NYSE:NOC) -- “You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (NYSE:LMT) with its good dividend."
Allegheny Energy (NYSE:ATI) -- “No, no, we need that utility to yield more. We've got Duke Energy (NYSE:DUK) earning 6%. That's the way to go.”
NuStar Energy (NYSE:NS) -- "I'm not sure I want anything to do with crude pipelines. The ones you want to be in are Kinder Morgan (NYSE:KMP) and Enterprise Products Partners (NYSE:EPD)."
Wyeth (WYE) -- "Holy cow, they have just killed that stock. We are not going to recommend that company until it yields 5%. "

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