Cramer's Lightning Round - First Niagara Bit Off More Than It Could Chew (1/28/13)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday January 28.

Bullish Calls:

AbbVie (NYSE:ABBV), Abbott Labs (NYSE:ABT): "We kept Abbott Labs because it is faster growing, but ABBV is just fine."

Nokia (NYSE:NOK): "I think Nokia is fine ... they are doing everything they can ... they are showing fiscal prudence. Nokia can go to $5 without a problem."

Standard Pacific (SPF): "This was controversial ... they have a big homebuilding business ... they have the Inland Empire in California. Buy it when it comes down to $7."

PetSmart (NASDAQ:PETM), PetMed (NASDAQ:PETS): "I like PETS. Someone downgraded PetSmart. I disagree with that downgrade."

Bearish Calls:

First Niagara (NASDAQ:FNFG): "They bit off more than they could chew. So many regional banks are better. They did a lot of good things, but they expanded too much during the downturn."

Heckmann (HEK): "It is natural gas, and it is way too warm for natural gas. However, I would not abandon HEK this low."

Kayak Software (NASDAQ:KYAK): "Sell half of Kayak and let the rest run. It has had a big run."

Cerner (NASDAQ:CERN): "It has gotten too rich for my taste. I am saying 'don't buy.' I liked CERN for a very long time."


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