Cramer's Lightning Round- The Truck Bull Market Lives (3/2/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday March 2.

Bullish Calls:

Cummins (NYSE:CMI): "It has been trading so erratically... everyone is deciding the world is going to slow down. When we realize oil is eventually going back to $90, Cummins is going to $110 and you will be glad you bought it here. The truck bull market lives."

Accuride (NYSE:ACW), Wabco (NYSE:WBC): "It is part of the truck bull market... it should be carried on. I'll be candid, I didn't like the quarter, it is not as good as Cummins and not as good as Wabco, but it is a very inexpensive stock at $13."

Sourcefire (NASDAQ:FIRE): "Cybersecurity... I'm all over it. I think you should own the stock."

Caterpillar (NYSE:CAT): "You are going against the greatest manufacturing company in the world when you go against Caterpillar."

North American Palladium (PAL): "I don't have a great knowledge of this business other than I know it goes into autos and autos are coming back. It (palladium) is a specialty metal, and I think PAL is a great way to play it."

McDermott (NYSE:MDR): "We said this will be a good quarter because this stock is in the sweet spot. People are drilling again in the Gulf of Mexico. Bing bang boom... the stock is up 2 points... hold on to it."

Oclaro (NASDAQ:OCLR), JDS Uniphase (JDSU): "(Oclaro) is a survivor. Do we like it as much as JDSU?...No, but we do like that one... that is a winner. It survived the downturn."

Standard Pacific (SPF): "It is way undervalued...I recommended it at 5 and people said 'you are a moron'...this one is okay here. You've got to put it away... each quarter is getting better, but the morbid negativity about housing is keeping the stock at the 4-5 level. I think it is good."

Bearish Calls

Kubota (KUB): "I have nothing against Kubota, but you are going against the greatest manufacturing company in the world when you go against Caterpillar. I will see your KUB and I will raise you CAT and I will win this round."

Charter Communications (NASDAQ:CHTR): "The stock is at a 52 week high, so at this point I'd say "don't buy. "


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