GrafTech is Too Cheap - Cramer's Stop Trading! (8/27/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, August 27.

Bullish Calls:

Emerson Electric (NYSE:EMR) --The market is wrong. Emerson’s a better company than you’d think given the share price. Emerson is a buy.”

Cisco (NASDAQ:CSCO) -- I like Cisco. The company is putting its large cash reserves to work through acquisitions.”

GrafTech International (GTI) -- This stock is too cheap.  I think you should own it.”

Verizon Communications (NYSE:VZ) -- Verizon’s a longer-term play. Cable stocks may be favored right now, but telecoms will return, AT&T, too.”

Google (NASDAQ:GOOG) -- Google is a caged tiger. I think the stock goes to $500 or higher after Labor Day.”

Cummins (NYSE:CMI) -- This is one of the cyclical stocks you have to ride through this recession. I think it will have a great 2009 and an even better 2010.”

Bearish Calls:

Terra Nitrogen  (NYSE:TNH) -- “I don’t like the fertilizer group right now. Sell, sell, sell.”

Ambac Financial (ABK), MBIA (NYSE:MBI) -- The stocks are going up, but I am not sure why. I believe they both need to raise capital. I don’t trust them, and I don’t want to be in Ambac or MBI.”

Acco Brands (NYSE:ABD) -- “I don’t want to be in office products.”

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