Torpedo Dry Ships - Cramer's Lightning Round (10/8/08)

by: Joan Wickham

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday, October 8.

Bullish Calls:

Deere (NYSE:DE) -- “I think the slide in Deere is an opportunity. Business is good and the stock is cheap.”
Novaris (NYSE:NVS) -- “What's not to like about these drug stocks? Every day people come in and sell them - that's a mistake. Novartis is a buy."
Anadarko (NYSE:APC) -- “Everyone has given up. Natural gas stocks are so low I recommend picking a name like Anadarko and buying it. Hedge-fund selling has driven prices too far."
Verizon (NYSE:VZ) -- “I like Verizon and its 6.5% yield.”

Bearish Calls:

DryShips (NASDAQ:DRYS) -- “I’m going to torpedo you. I won’t recommend Dry Ships. I only recommend two companies here, Frontline (NYSE:FRO) and Nordic American (NYSE:NAT), and they are not doing that well.”
ABB Ltd. (NYSE:ABB) -- “People are cutting numbers on ABB. People have completely given up on infrastructure. I like the stock but I'm tired of fighting and I'm waiting until the hedge funds do their selling before pulling the trigger."
Allied Irish Bank (AIB) -- “Their 13% yield raises a big red flag. They're a great bank, but any bank in Europe is too risky. They are in total bear mode."
Emerson Electric (NYSE:EMR) -- “Emerson, like most industrial companies, is down in this market. I think the stock is dirt cheap but no one is listening so I won’t recommend it."
Goodyear Tire (NYSE:GT) -- “No, no. Goodyear should be going up. The car business is so horrible , I’m not a buyer."
Transocean (NYSE:RIG) -- “This is a premiere deep water driller. Take the trade. Sell, sell, sell. I don’t trust the market.”

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