Cramer's Lightning Round - Freeport Is Copper's Coiled Spring (3/8/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday March 8.

Bullish Calls:

Freeport McMoRan (NYSE:FCX): "Freeport has been down...I like copper here. The whole commodity market is down. I think Freeport is the kind of stock that could be a coiled spring. I want to start buying here. I'll buy some at $50...and I'll buy some on the way down."

Provident Energy Trust (PVX), Kinder Morgan Energy Partners (NYSE:KMP), Enterprise Products Partners (NYSE:EPD): "This is my kind of company (Provident)'s got a nice yield. Is it as high quality as Kinder Morgan? No. Is it as high quality as EPD? No, but it's a plain good one."

Bearish Calls:

Randgold Resources (NASDAQ:GOLD), Goldcorp (NYSE:GG): "(Randgold) is not my favorite is Goldcorp. I've been calling for that big rally in gold and I am waiting for a pullback...we're going to resolve things in the next ten is going to pull back and then you can buy it again. I do not want to buy the gold stocks for at least a week. I want gold to pull back."

Tempur Pedic International (NYSE:TPX): "This has not been my call. I'm not that crazy about it. It has had a big run. I say don't buy."


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