Jim Cramer's Mad Money Lightning Round Picks, Sept. 29

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday September 29. Click on a stock ticker for more analysis:

Bullish calls:

Quest Diagnostics (NYSE:DGX): '...very little government regulation, very little competition, and you can eat off the floor of their labs, not that I recommend that.'
Continental Airlines (NYSE:CAL): ' ... if you're going to own one airline, I always tell to own CAL - that's the best one.'
Advanced Micro Devices (NASDAQ:AMD): 'I think that AMD is going to go back to $30-32. This is tech's quarter. I say two thumbs up, way up.'
Kellogg (NYSE:K): 'I like K more; I like GIS more, I think they have more of an upside surprise.'
General Mills (NYSE:GIS): ' ... they have more of an upside surprise, even though GIS hit a 52-week high.'
Corning (NYSE:GLW): 'Whenever you go buy a PC, or a big screen TV, most likely, it's got the glass made by GLW. GLW also has a fiber business, that I think is coming back very much in favor. I'm the only guy who thinks that the end of the fiber glut is here. Two ways to win with GLW. $24 stock I think goes to $28.'
Danaher (NYSE:DHR): 'I think these guys are fabulous businessmen ... I think you have a huge winner in DHR. $69 goes to $85. Yes! Excellent stock.'
Nabors (NYSE:NBR): ' ... it's too low to give up on. It is too levered to natural gas, which is very low, for people to have a homerun on NBR ... But I'm not quitting on NBR - not 50 cents from its 52-week low.'
Chevron (NYSE:CVX): 'The only oils that I want to own right here are CVX and BP.'
Microsoft (NASDAQ:MSFT):
' This is a stock that I think is headed in a straight line to $31. Steve Ballmer - I was critical of him; initially, I didn't think he'd get the company together. He has so gotten it together that now this thing is just moving.'

Bearish calls:

Express Scripts (NASDAQ:ESRX): 'I would actually swap out of ESRX - not that I mind it - and get into DGX.'
UAL (UAUA): 'It has a very bad debt situation.'
Marsh & Mclennan (NYSE:MMC): 'If they break up the company, then Cherkowsky gets removed from my hit list of CEOs who have to go ... you get $35. Right here, I'm neutral on the stock with 'don't buy, don't buy.'
PepsiCo (NYSE:PEP): 'PEP has a new CEO ... one of my rules is that you've got to be very careful when you buy a stock in the first year of a CEO. I've pulled in my horns from loving PEP, and my take is, that there are better fish to fry in that group.'
Frontier Oil (NYSE:FTO): ' ... not one of my favorites anymore.'

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