Cramer's Lightning Round - I Want You To Be Big In Wells Fargo (9/18/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday September 18.

Bullish Calls:

Wells Fargo (NYSE:WFC): "I want you to be big in Wells Fargo. The stock has not done as well as it should. Warren Buffett is in there buying all the time and it has 30% of the mortgage market. Pull the trigger here."

Lululemon (NASDAQ:LULU): "I like Lululemon. It is a well-run company. The stock is good."

Ross Stores (NASDAQ:ROST): "Everyone is selling the value plays. That is a mistake. I want you to pick up 35% of a position tomorrow morning."

Hain Celestial (NASDAQ:HAIN): "They did a good job. They delivered a good quarter. The stock went parabolic, but now it is down. It's a buy."

Realty Income Corporation (NYSE:O): "The business is good. This is one of my favorite REITs."

United Technologies (NYSE:UTX): "People don't like aerospace, but that is wrong. UTX is coming back. Buy some now and the rest at $75."

Bearish Calls:

Cobalt International Energy (NYSE:CIE): "It is up a lot for the year. Oil has to go very big for these stocks to work. I call these stocks options on crude. Let's wait for crude to come back, and these stocks are going to come back.

Magnum Hunter Resources (MHR): "That is a spec on oil going to $120. That is where you need oil to be for Magnum Hunter to go to a new high."

PulteGroup (NYSE:PHM): "It isn't the best. It is an inexpensive stock, but it has ramped. Don't buy. Look for a better entry point."


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