Cramer's Lightning Round - The Biotechs Are on a Rampage (9/10/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday September 10.

Bullish Calls

Gilead Sciences (NASDAQ:GILD), Celgene (NASDAQ:CELG), Genzyme (GENZ): "I think that all biotechs are on a rampage. Why? Because of the Genzyme acquisition. Celgene is really starting to build a head of steam. I think Gilead works. Now, I think it works because there are lots of studies that show, if Congress is split... In other words, if the House is Republican, or the Senate is Republican, and the President is a Democrat, biotech works. That said, be careful. I only think there's a 15% move here, because Gilead is not the best of breed anymore."

Linn Energy (LINE): "Now, I've got to tell you... it is purely because of price. Now the company made a great acquisition. I am worried that the hedges... they have to come off... because they're a natural gas play... and I just don't want to be greedy. Sometimes, I ring the register, because I just had such a homerun for people, I don't want to get hurt. But that company is good and, right now, the yield is fine. That's the only reason... bulls make money, bears make money, hogs get slaughtered, which is why I said to take some profits in LINE."

Baidu (NASDAQ:BIDU): "We've only been recommending Baidu (i.e. Chinese stocks.)"

JP Morgan (NYSE:JPM), Wells Fargo Preferred [WPK]: "You want to get the preferred - WPK. Wells Fargo (i.e., common stock, symbol WFC) is too hard. It's just too hard... I am recommending that no one buy a bank stock until Wednesday, if you want to own a bank stock. Wells Fargo is too risky for me. I prefer JP Morgan."

Bearish Calls

Raytheon (NYSE:RTN): "Raytheon is very cheap but, if the government's cutting back its spending as I think it is, you're not going to want to be in there... sell, sell, sell... as much as I like Raytheon. So I say forget about it."

Yanzhou Coal Mining (NYSE:YZC): "We do not trust the Chinese stock market. We do not think it plays fair. We do not like the numbers. We've only been recommending"

Wells Fargo (NYSE:WFC): "I am recommending that no one buy a bank stock until Wednesday, if you want to own a bank stock. Wells Fargo is too risky for me... Wells Fargo. It's a good company, but it can't buck the trend right now."


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