Jim Cramer's Mad Money Lightning Round, 3/28/08: Procter Is No Gamble

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday March 28. Click on a stock ticker for more analysis:

Bullish calls:

Cal-Maine Foods (NASDAQ:CALM): “Cal-Maine is a very pro-shareholder company … It has been confounding the shorts.”
Family Dollar Stores (NYSE:FDO): “ …is where you shop, when you're getting the beatdown of a recession...”
Procter & Gamble (NYSE:PG): “ … has the best single dividend record… one of my absolute favorite companies. This company does not tolerate losing divisions and sheds them... I think the quarter's going to be good. I think this is a great entry point. I want to pull the trigger on PG!”
Quicksilver Resources (NYSE:KWK): “They are probably maybe the most levered oil and gas plays to the higher prices... KWK is terrific...”
Microsoft (NASDAQ:MSFT): “ I think MSFT is not necessarily a runaway up stock …it's a good situation longer term. When that deal [with Yahoo] closes, MSFT goes higher.”

Bearish calls:

Clearwire (CLWR)
Sprint Nextel (NYSE:S): “I want you to sell this stock - sell, sell, sell - and anything that's affiliated with Sprint.”
Ford Motor (NYSE:F): “No. The only think we like in F is the preferred... “
MEMC (WFR): “I am telling you right now... that stock has peaked. This is a new position for me. Sell, sell, sell!”
Citigroup (NYSE:C): “ …right now, my case is strictly bearish on Pandit [CEO]”
JC Penney (NYSE:JCP): “The execution has been sloppy. The company does not seem to have a game plan,”

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and Wall Street Confidential

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

Seeking Alpha is not affiliated with CNBC, Jim Cramer or TheStreet.com