Cramer's Lightning Round - The Coca-Cola Downgrade Was Fatuous (10/14/11)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday October 14.

Bullish Calls:

Coca-Cola (NYSE:KO): "I thought that downgrade was fatuous...I think the stock is terrific. I think it is well-run...I like the dividend. That stock could go up for multiple years."

Corning (NYSE:GLW): "They did that dividend boost...I like what they said. There is a lot of insider buying. I am going to buy that incredibly cheap stock down here."

UPS (NYSE:UPS), FedEx (NYSE:FDX): "...a bunch of jokers downgraded UPS...I think that stock goes to $75. I also like FedEx, and I like the rails."

Sanofi-Aventis (NYSE:SNY): "...I like SNY...that stock is coming back."

EMC (EMC): "...I think you buy EMC."

Neutral Call:

American Express (NYSE:AXP): "I want to wait and see how they do (with the earnings call)...I think it is going to be good, but I'm not going to game this one and tell you to buy ahead. Let's wait and see what they say."

Bearish Calls:

Dendreon (NASDAQ:DNDN): "too had its day...right now it seems to be challenged...I have so many terrific, high-yielding drug stocks..."

Xerox (NYSE:XRX): "...I see nothing but stagnation..."

United Healthcare (NYSE:UNH), Humana (NYSE:HUM), Wellpoint (WLP): "...(With UNH) we ended up with accounting was a brutal period...the cheapest one of these is Humana, second is Wellpoint...but I'm not recommending that group because we have a Democratic President and he doesn't seem to like those stocks. He could be President for a very long time."

Patriot Coal (PCX): "...coal stocks have been the wrong place to be and that stock in particular has been the wrong place to let that rally to $11 or $12 and then you skeedaddle."


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