Jim Cramer's Mad Money Lightning Round Picks, Jan. 22

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday January 22. Click on a stock ticker for more analysis:

Bullish calls:

Rite Aid (NYSE:RAD): 'One of the known communists on Wall Street downgraded RAD last week... I reiterate - at $5.80, RAD remains one of my favorite speculations. Take that bears!'
China Mobile (NYSE:CHL): 'If you want to go to China, and you want to do phone, you've got to do CHL. I would actually recommend you swap out of CHU and go into CHL. Even as CHL is at its 52-week high, I think that's a better buy.'
Genentech (DNA): 'If we want to be in pharma, we're going to be in DNA, or we're going to be in AMGN, and CELG!... '
Flir Systems (NASDAQ:FLIR)

Nice Systems (NASDAQ:NICE): ' If you want to be in defense, remember, we like FLIR or NICE, because we like homeland security!'
Google (NASDAQ:GOOG): 'I think that's one of the few techs that I want to own. My friend, Anthony Notto, at Goldman Sachs, recently raised estimates ... I think the stock will get to $600.'
Melco PBL Entertainment (MPEL): 'People are starting to doubt me on that call... We're fine. (buzzer rings)... MPEL is not as good as LVS, and not as good as WYNN, but it should be bought here.'
SkyWest (NASDAQ:SKYW): 'You know that I'm a liker of the airlines, but let's be careful. After the close of the market, AMR announced an offering of 13 million shares. That's going to cause some pressure in the group. SKYW should trade down a dollar on that, and then you could pull the trigger and buy more, but don't overstay your welcome.'
Under Armour (NYSE:UA): 'Some publication... had this really negative article ... If you don't know Kevin Plank, then you don't know one of the best CEOs in America. I think UA is in a major bull-market mode. I think the shorts planted that story ... I like UA and I want you to stay with it.'

Bearish calls:

China Unicom (NYSE:CHU): 'No. No. I'm not a fan of CHU ... I would actually recommend you swap out of CHU and go into CHL.'
Flextronics International (NASDAQ:FLEX): 'Maybe you're shorting it, because you're not going to make any money being long that. You need to be out of the contract manufacturing ... this is a bearish group!'
Nektar Therapeutics (NASDAQ:NKTR): ' ... What is that, the 470th restructuring they announced today? Most of their restructuring just involves firing people... Heaven forbid they actually try to improve the company... No, we don't want to be anywhere near NKTR.'
Pfizer (NYSE:PFE): ' ... another bear.'
Force Protection (NASDAQ:FRPT): ' ... not for me. '
Imergent (IIG): ' Electronic services to small businesses... to me, it's the definition of tech (bear sound)... No! This is a stock that is too darn hard. Sell, sell, sell!'

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightening Round, Stop Trading and Wall Street Confidential

Get Cramer's Picks by email -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com