Buy Value - Cramer's Lightning Round (7/29/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday, July 29.

Bullish Calls:

ABB Ltd. (NYSE:ABB) -- “The stock was down last week they reported a monster quarter. I went over it with a fine tooth comb. The report was bullish. I see it going to $32.”

General Electric (NYSE:GE) -- “General Electric like ABB is an infrastructure play. I like them both. I see GE going to $30.”

Wells Fargo Bank (NYSE:WFC) -- “I like Wells Fargo a lot more than Huntington Bank.”

Transocean (NYSE:RIG) -- “Transocean is out of favor because oil is down. I think you are right to concentrate on value. The stock has a P/E under 9. I am not abandoning the stock it is too good. The stock is going lower but I want to Buy, Buy, Buy.”

 Bearish Calls:

Garmin Limited (NASDAQ:GRMN) -- “I consider it a commodity and I do not like commodities. Garmin could fall substantially from these levels. Sell! Sell! Sell!”

Huntington Bank (NASDAQ:HBAN) -- “I am still not going to get behind Huntington. Sell into any rally. I like JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC) and US Bank (NYSE:USB).”

Authentec (NASDAQ:AUTH) -- “No, No. This one is too speculative.”

Thoratec (NASDAQ:THOR) -- “The stock is in the right kind of group but I have not finished doing research so I can’t recommend.”

Intrepid Potash (NYSE:IPI) -- “I believe tomorrow Intrepid will be up. Sell into strength tomorrow.”


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

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

Seeking Alpha is not affiliated with Jim Cramer, CNBC or