Lightning Round for Wednesday, June 13, 2007 - Lightning Round

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Jun.15

11:27 AM ET

Friday, 15 Jun 2007

It's Time for the Lightning Round!

Posted By:Tom Brennan

Topics:Stock Picks | Stock Market

Great Lakes Drudge & Dock [GLDD Loading... () ]: Cramer would back up the truck on GLDD at its present level.

Gerdau AmeriSteel [GNA Loading... () ]: “I like steel. I like Reliance Steel. I like Gerdau.” Cramer also says the investors have a chance to buy Allegheny Tech [ATI Loading... () ] 12 points down from where he thinks it should be.

Allis-Chalmers [ALY Loading... () ]: “Good but not great.” With Halliburton [HAL Loading... () ] as cheap as it is right now, Cramer would have to go with that.

Warner Music Group [WMG Loading... () ]: “That stock at a 52-week low is just an unbelievably bad stock. That dividend is all that keeps it afloat.” Sell, sell, sell!

Air Products & Chemicals [APD Loading... () ]: “I think you could tack on 20 more points before that stock got too expensive.”

Seagate Tech [STX Loading... () ]: Cramer calls investing in Seagate dead money, and there are too many great stocks out there to waste time with this one.

Petsmart [PETM Loading... () ]: “That’s a real good company.” This is one of the few retailers, along with GameStop [GME Loading... () ] and Sears [SHLD Loading... () ], that Cramer is recommending right now.

optionsXpress [OXPS Loading... () ]: Cramer says this is one of the cheapest brokerage stocks in the market.

Aventine Renewable [AVR Loading... () ]: “No! Don’t even look at it.”

Click for the rest of tonight's show

Jack in the Box [JBX Loading... () ]: Cramer says this is one of the best chains on earth. “Jack in the Box is money in the bank.”

Steel Dynamics [STLD Loading... () ]: The best Cramer can give STLD is a maybe. He’d rather see Home Gamers in Allegheny Tech or Reliance [RS Loading... () ].

CMGI [CMGI Loading... () ]: “It’s just not for me.” Cramer prefers Dynegy [DYN Loading... () ] if investors want a speculation play.

Jim’s charitable trust owns Halliburton and Sears Holdings.

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