Cramer's Lightning Round - Crossing the Rubicon (10/16/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday October 16.

Bullish Calls:

Freeport McMoRan (NYSE:FCX): "When we do minerals, we're going to recommend Freeport-McMoRan."

Agnico Eagle Mines (NYSE:AEM): "If we want gold, we're going to do Agnico-Eagle Mines Ltd."

Skyworks Solutions (NASDAQ:SWKS): "I am going to re-recommend Skyworks Solutions... buy, buy, buy! Especially after I was on the Nokia (NYSE:NOK) call, and all components are in short supply."

3COM (COMS): "It's up 10% from where we liked it, and I continue to think that 3Com is incredibly cheap... buy, buy, buy! One of the great communication stocks out there... I would pick some up and hold it to $7."

Eli Lilly (NYSE:LLY): "What's the matter with Eli Lilly? It yields 5%. It's got a safe yield. You're going to be able to stick it out."

Vivus (NASDAQ:VVUS): "It is very, very speculative. It is Speculation Friday so, you know what? I'm going to endorse it because it's Friday, and I like spec... Otherwise, I would say, listen... we shouldn't be foolin' around."

Bearish Calls:

Rubicon Minerals (RBY): "Your play has run... sell, sell, sell... your play should be sold.... no pin action. Exchange it."

Cerner (NASDAQ:CERN): "I would be careful. I would ring the register ahead of the quarter. It's almost impossible to do what Wall Street wants after a stock's run that far. How many times have we seen that this week?"

IMAX (NYSE:IMAX): "Sell, sell, sell... Now I have not liked the stock since $8, so you could say, Jim, you do not have any standing. But, you know what? This stock's been around for a long time, and ultimately I think it disappoints. I want to ring the register and head home."

Blackstone (NYSE:BX): "Look, it's not an expensive stock, and I believe that the IPO is going to be really good, but I cannot recommend that stock... don't buy, don't buy... Who really knows what they own? It's too much of a black box."


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