Cramer's Lightning Round - 2011 Will Be the Year for Cree, But Don't Buy Yet (12/21/10)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday December 21.

Bullish Calls:

Peabody (NYSE:BTU): "I don't want you to sell...I'm not putting the whole house's money on it, but I do think it is the cheapest coal company in an area that is massively asked me if you should hold onto it. I think it is a winner and I want to conintue to own BTU."

Penn Virginia (NYSE:PVG): "It is coal.... I like coal, it's got a good yield... I think that stock is've got coal and natural gas, I think it should be yielding 5 which means it will go higher."

Las Vegas Sands (NYSE:LVS), Wynn (NASDAQ:WYNN), MGM (NYSE:MGM): "I like LVS but currently, Wynn is the best... LVS is a great turnaround story, but now I'm really into MGM which is refinancing...LVS is marking time here, it's going to tread water."

Altria (NYSE:MO): "I don't know. I think it's kind of beaten down now, it's going to $27, not more. I think it is peaked out. I'm not so aggressive at this's still a good company, but at $25 it's kind of played out."

Bearish Calls

Cree (NASDAQ:CREE): "2011 is going to be the year for Cree because of these lightbulbs that don't use a lot of energy, but backlighting periodically is weak and this is a very tough stock. I don't want you to buy Cree unless it drops 4 or 5 points. I'm not being wishy washy. This stock has run from the mid 50s to the high 60s and it worries me."


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