Don't Sell Celgene - Cramer's Lightning Round (7/30/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, July 30.

Bullish Calls:

Verizon (NYSE:VZ) -- "This is the single best wireless business. I like the dividend and I like AT&T (NYSE:T) also. The analysts love Comcast (NASDAQ:CMCSA), but I like Verizon and I am not worried about FiOS."

Celgene (NASDAQ:CELG) -- “I never lost faith in Celgene. I want to own biotech in any slow down and we have it. Don’t sell any Celgene.”

Alcoa (NYSE:AA) -- “Natural gas is one of their biggest costs. I see raw costs going down and I see a cheap stock in the Dow that I want to own, and that company is Alcoa."

Bearish Calls:

ION Geophysical (NYSE:IO) -- “Don’t mess with ION. They are in seismic exploration and I would rather see you in CoreLabs (NYSE:CLB).”

Double Hull Tankers (NYSE:DHT) -- "I only like two tankers, Nordic American Tanker Shipping (NYSE:NAT) and Frontline (NYSE:FRO). Don't mess with any of the others."

Ford (NYSE:F) -- “Too hard. The problem with Ford is the common stock is not the best way to play it. I can't recommend the common stock. It is too speculative.”

Red Robin Gourmet Burgers (NASDAQ:RRGB) -- “I am not a fan. Let’s play Panera Bread (NASDAQ:PNRA), their CEO was on the show and told a good story over there.”

Eastman Kodak (EK) -- "No, Kodak is a serial disappointer. I am not buying - their competition is too hard."

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