Cramer's Lightning Round - Wal-Mart Will Own the World (2/23/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday February 23.

Bullish Calls:

Wal-Mart (NYSE:WMT): “Is the only retailer on this show that I am recommending, the only single one…in 18 months they will own the world…but not up here…wait, be patient…this market is coming to you…it is a real bad market.”
Caterpillar (NYSE:CAT): “I’ve been buying it very slowly…buying it for the yield…ultimately I think this company is going to turn around…I am trying to get ready for a turn that I think will coming in 18 months, but it ain’t going up…which is why I am buying on a scale down.”
Allergan (NYSE:AGN): “I want to be in Allergan…because of Botox which is controversial because of a couponing issue. No one likes Allergan anymore. I still like it.”

Alcon (NYSE:ACL): “Okay but I prefer Allergan.”
Amazon (NASDAQ:AMZN): “Amazon is the only one I feel confident right now.”

Bearish Calls:

Research in Motion (RIMM), Google (NASDAQ:GOOG), Apple (NASDAQ:AAPL): “We don’t care where it has been we care where it is going…RIMM, Apple and Google are all going lower right now…patience does work but it is not working yet…Amazon is the only one I feel confident about right now.”
UBS (NYSE:UBS): “No, no I can’t I find that whole situation problematic…we are not recommending financials …it is reckless to buy financials right now until we know what Tim Geithner is going to say.”

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