OMG, What a Bad Quarter - Cramer's Lightning Round (5/13/08)

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday May 13.

Bullish calls:

North American Palladium (PAL): "For $6 bucks, I'm willing to sit and watch that palladium market happen. I like your choice. It is a profitable company."
Genco Shipping (NYSE:GNK): "I believe that all these shipping companies are going to be shipping a huge amount of product to China, to rebuild the province that was destroyed by the earthquake."
McMoRan Exploration (NYSE:MMR): "I just caught a double for our viewers, because I recommended that natural gas play a year ago... it is a terrific, terrific company … I still like that group."
Arch Coal (ACI): "I think that ACI could go to $80 …the Democrats may not want it... but everybody wants ACI's coal overseas… Buy, buy, buy!"
Pepsico (NYSE:PEP): "Indra Nooyi … is one of the most forward-thinking CEOs in the world. I think PEP's being given away here, given the fact that they're transforming Frito-Lay, and the raw costs aren't that bad."

Bearish calls:

Holly (HOC): "I don't want to get near the refining business."
Systemax (NYSE:SYX): "It just kind of a pastiche... of companies. Don't buy, don't buy... Nothing's special there at all."
OM Group (NYSE:OMG): "They blew the quarter really badly…sell, sell, sell."

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