Cramer's Lightning Round - Lilly Is Fine (9/27/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Monday September 27.

Bullish Calls

Eli Lilly (NYSE:LLY): "I think you're fine... I think that yield is fine. It's a 5% plus... I think Lilly is a good stock. It's not a great one. But I think that, over time, it will go higher. Boy has it been ever stuck though lately."

AT&T (NYSE:T), Verizon (NYSE:VZ): "I want you to stick with it. I want you to stick with AT&T. I know it yields 5% and change, like 5.7%...that the stock's going to keep going higher. AT&T and Verizon are both buys. Buy, buy, buy!... My patience on these is being rewarded. Please don't sell. Please stay long AT&T."

Google (NASDAQ:GOOG): "I read a Citigroup today that talked about how Google is having a good quarter. I think the Android... if they can monetize that... the stock goes to $700. These are very smart guys. I think you've got another 15-16 points. I know that sounds like... well, why hold out? If it's like a $51 stock if you divide the stock (by 10)... I mean, where are we with Google?... 5-3-0. I think that it can go to $550 before I tell you enough is enough. It's a good stock."

Aruba Networks (NASDAQ:ARUN); "It actually fits the thesis here... cyber security software with good fundamentals. I think you should stay long in it. I typically say you should take it off the table, but that group is so red-hot, I'm not going anywhere. I think there's another 15% before we've got to take it off the table."

Apple (NASDAQ:AAPL): "No, I don't think so. I don't think so. Here's what I want to do... Mentally, divide it by 10, you've got a $290 stock. Consider it like at $29 stock, and I think it goes to $32.50 (i.e., $325.00). We're going to readdress at $325. That's where it sells at a market multiple. After you back out the cash, it sells at below the market multiple. In other words, Apple's going higher. I have no nosebleeds... buy, buy, buy! I want you in the stock. I think it's one of the best stocks ever! And I think you should stay in Apple."

Bearish Calls:

A-Power Energy Generation (NASDAQ:APWR): "Oh A-Power... Okay... You know, this has not been one of my favorites. It's a Chinese company that we used to recommend... and we said sell it, and we're never looking back. I don't like it."

LDK Solar (NYSE:LDK): "Uh, you know, I'm not going to go there. I like wind more than solar right here. The Chinese market is really red-hot right now, and all of them are moving. I want to take profits in that one."


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