Bullish on Wachovia - Cramer's Lightning Round (9/5/08)

by: SA Editor Joan Wickham September 05, 2008 | about stocks: ABK / ATN / BP / CLR / CNX / ELN / ETP / FNM / FRE / LEG / PBI / PBR / WB

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Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday, September 5.

Bullish Calls:

Energy Transfer Partners (ETP) -- “I like Enterprise Product Partners better but Energy Transfer Partners is still a good stock.”
Atlas Energy Resources (ATN) -- “This company has a good yield, and with natural gas bottoming Atlas Energy is a buy.”
Wachovia (WB) -- “I like CEO Bob Steele, so this stock is a buy.”
PetroBras (PBR) -- “This stock is a buy.”

Bearish Calls:

Continental Resources (CLR) -- “Until oil bottoms, I can’t recommend this stock.”
Leggett & Platt (LEG) -- “Take profits on Leggett & Platt. This stock’s already had a good run.”
BP (BP) -- “Don’t buy the stock.”
Ambac (ABK) -- “Unless Fannie Mae (FNM) and Freddie Mac (FRE) are bailed out by the Treasury, I recommend staying on the sidelines when it comes to Ambac.”
Elan (ELN) -- “Can’t get behind it. Way too hard.”
Pitney Bowes (PBI) -- “Problematic. Don’t buy a company that misses earnings when there are so many others that hit their targets.”
Consol Energy (CNX) -- “Equitable Resources (EQT) is a better pick.”

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Related Stocks:

ABK, ATN, BP, CLR, CNX, ELN, ETP, FNM, FRE, LEG, PBI, PBR, WB

This article has 2 comments:

Sep 05 10:05 PM
hey jim the bear guess what we ramp up hard on monday,they must pay you a pretty penny to disgrace your self the way you do. walking around with a bear, lol we go down hard again this week , give me a TV show will ya!!!!!!!!!!!!!!!
Reply
Sep 07 02:43 PM
The mortgage situation has a long way to go, look to buy into financials with limited exposure to the subprime mess like BAC, WFC and JPM on down days. No rush, things will get worse before they get better.

Have an investment idea, share it with my group at this link www.lanaslines.com/com...
Reply

More Comments on ETP »

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Unfairly Punished - Fast Money Recap (10/24/08)
on Oct 24, 2008 | about AMGN,BNI,AAPL
Market Trims Hedges - Fast Money Recap (10/23/08)
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Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
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