Cramer's Lightning Round - I Still Like Lululemon (7/10/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday July 10.

Bullish Calls:

Lululemon (NASDAQ:LULU): " I still like LULU. I know everyone is panicked, but buy deep in the money calls out 6 months, and you'll be fine."

Chipotle Mexican Grill (NYSE:CMG), Starbucks (NASDAQ:SBUX), Celgene (NASDAQ:CELG), Allergan (NYSE:AGN): "Chipotle is like a lot of great growth have to buy them on the way down in a horrible market. You buy deep in the money calls out 6 months. I don't want to give up on great growth stocks. I want to include Starbucks, Celgene and Allergan."

Disney (NYSE:DIS): " firing on all take is, as this stock comes down, you want to pull the trigger."

Honeywell (NYSE:HON): "I like Honeywell. I prefer to buy it between $50-51 after what happened to Cummins (i.e. Cummins' stock falling dramatically)."

Bearish Calls:

Tractor Supply (NASDAQ:TSCO): "I am not sure that this climate is right for them...the weather is playing havoc, it is still expensive, and people are getting cheaper. Stay on hold for TSCO."

Goodrich (NYSE:GR): "That's done. Ring the register. Sell, sell, sell."

Select Comfort (SCSS): "Is not the king. I'm not going to touch that. The industry worries me. It is very competitive."


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