Cramer's Lightning Round - Buy Pepsi And Put It Away (9/30/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday September 30.

Bullish Calls:

Pepsico (NYSE:PEP): "I think the long term growth is good. I think the yield at 3.3% is good. You can buy it and put it away."

Cablevision Systems (NYSE:CVC): "The stock is really low, but here is what CVC doesn't have... it doesn't have a catalyst... but it yields over 4%, so I'm a buyer of CVC."

Bearish Call:

Research in Motion (RIMM): "I think it is a wasting asset. I think Apple has carved it up. It is the wrong time to own it, and I think it goes lower."

Neutral Call:

Veolia Environmental (VE): "I'm doing a list of the high yielders... and I don't know if that yield is sustainable... we'll have to come back on that."

Take Profits:

Deckers (NASDAQ:DECK): "Listen up and listen good. I've been a champion of it. Right now, I'm going to give it a breather. If you haven't taken some off the table... if you haven't done a schnitzel, please do so. That doesn't mean I don't like Deckers. I just hate to turn a profit into a loss."


Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

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