Cramer's Lightning Round - There Is Nothing to Rackspace (7/20/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday July 20.

Bullish Calls:

Commercial Metals (NYSE:CMC): "Commercial metals, they are smart guys. That is a good business...that's a buy."

Baidu (NASDAQ:BIDU): "We don't like Chinese stocks, other than Baidu."

Netflix (NASDAQ:NFLX): "Very didn't go to $300, and because it didn't go to $300 that day, people hate me...I have liked the stock since it was $50...I think it could go to $300. I think Apple should buy it...once we see these social media companies go public, we will see how cheap Netflix is, and I still want to buy."

Bearish Calls:

Rackspace (NYSE:RAX): "Why, why, why? There is nothing to Rackspace...the stock is a commodity has had a big run. Take the money off the table."

Adobe (NASDAQ:ADBE): "I'm a positive guy... I'd like to say something good, but I don't see anything in Adobe that makes me want to buy it."

Silvercorp Metals (NYSE:SVM): "...silver is very overdone compared to gold...I don't need Chinese silver, stick with gold."

Corrections Corp (NYSE:CXW): "I never liked privatization companies...because I am worried about picking up the paper and seeing a negative story, so I would stay away even though I think they have great profitablity and growth."

CME Group (NASDAQ:CME): "I like the CME. I think it is very well-run, but I think there is too much competition between all these exchanges...competition is good for pricing but it is bad for profits, so I don't want to be involved in a stock that is in that cohort."


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