Jim Cramer's Mad Money Lightning Round Picks, 8/21/07

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday August 21. Click on a stock ticker for more analysis:

Bullish calls:

Aecom Technology (NYSE:ACM): 'This may be the cheapest of the infrastructure plays.'
Jacobs Engineering Group (NYSE:JEC): ' ... at $61, should have been bought today... buy, buy, buy! Infrastructure rocks, as does agriculture!'
Wachovia (NASDAQ:WB): 'They just raised the dividend, and they said that the bad loans are under control.'
Schlumberger (NYSE:SLB): 'SLB, to me, is the cheapest. It went down today, along with the whole group. I feel like you can trade up to quality... you can trade up to SLB.'
Transocean (NYSE:RIG)
Tata Motors (NYSE:TTM): 'I think, at $15, TTM makes a huge amount of sense.'
E*Trade Financial (NASDAQ:ETFC): 'I would buy some here, and let it come down a bit ... There are many companies that have really bad exposure to this mortgage stuff. ETFC is not one of them.'
American Capital Strategies (NASDAQ:ACAS): 'I think that this company is a survivor... a lot of people have tried to call it out a lot of times. They're not going to be successful.'
Hudson City Bancorp (NASDAQ:HCBK): 'I think we're in dangerous territory with FSLR. Don't buy, don't buy.'
Level 3 Communications (NASDAQ:LVLT): 'I like LVLT for one reason... because I believe there's going to be a bandwidth shortage ... I am picking this as a long-term speculation and, when we run out of bandwidth, I'm not backing away.'
Tessera Technologies (TSRA): 'I thought the quarter was going to be good. I got the quarter wrong. I like the story longer term. now, in the low $30s, I would definitely buy it.'
Principal Financial Group (NYSE:PFG): 'A very cheap stock ... I really like this stock. I was going to buy it for my charitable trust... I didn't get a chance.'
LCA-Vision (NASDAQ:LCAV): 'Upgraded today by Raymond James... a big buyback coming... just finished a buyback. I like it.'

Neutral calls:

Dean Foods (NYSE:DF): 'This has become a very problematic story and I've got to tell you something... don't buy, don't buy... I don't think it's over, and the company doesn't think the pain's over too.'
Banco Popular (NASDAQ:BPOP)
Parker Drilling (NYSE:PKD)
Foster Wheeler (FWLT): 'On a day like today, up $7, sell, sell, sell... on the conference call, they made it very clear that contracts were lumpy...every time the stock runs a little, I think it's going to run into selling pressure.'
First Solar (FSLS )

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