Jim Cramer's Lightning Round Stock Picks 7/31

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday July 31. Click on a stock ticker for more analysis:

Bullish calls:

Nokia (NYSE:NOK): 'NOK is not bad below $20. I'm giving it a solid bull.'
Global Imaging Systems (GISX):
'it's still a cheap stock. This is an imaging solutions company that is off of everybody's radar screen. GISX is for me.'
Southern (NYSE:SO): 'Because my man, Uncle Ben Bernanke - he likes a good solid slowdown - and that's when SO shines. 4.5% yield, good business model. You rock and SO rocks!'
Glaxosmithkline (NYSE:GSK): 'That's one great stock.'
MetLife (NYSE:MET): 'I've been right as rain on MetLife...just a point off its 52-week high, and I am reiterating that you must own that stock. Buy, buy, buy!'
Prudential (NYSE:PRU): 'I think MET and PRU (Prudential) have been my two favorites.'
Allstate (NYSE:ALL): 'I've added ALL to the prize list.'
Genzyme (GENZ)
Black & Decker (BDK):
'Really miserable quarter, but I bet it does come back, so I'm pressing the bull button here.'
Wild Oats Markets (OATS): 'WFMI reported a number where the revenues were a little light. You know that's going to take OATS down to $15. At $15, I may just want to pull the trigger, but let's see what happens.'

Bearish calls:

Rackable Systems (OTCPK:RACK); 'This is a first-class torture chamber. I think the guys are all done selling it, but I would do a Don'tBuyDon'tBuy.'
Brunswick (NYSE:BC): 'Do not collect $200. Sell, sell, sell! BC missed the quarter. It's the boat building business that is not for me right now.'
International Paper (NYSE:IP): 'this could be the 741st bad quarter that IP reports in a row.'
Alkermes (NASDAQ:ALKS): 'ALKS is a serial under performer.'
Wal-Mart (NYSE:WMT): 'No! No! We can't touch WMT - it's going lower.'
First Data Corp (FDC-OLD): 'I think FDC is too cheap, but they don't want to want to spin off the Western Union because of the poor numbers. I say we hold onto it, but we 'don't buy, don't buy.'

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