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Oct.02

10:56 AM ET

Tuesday, 2 Oct 2007

Lightning Round: Level 3, Circuit City, Tellabs and More

Posted By:Carlo Dellaverson

Topics:Stock Picks | Stock Market

Jones Soda [JSDA Loading... () ]: Why own Jones when you could own Pepsi [PEP Loading... () ] or Coca-Cola [KO Loading... () ], two truly great soda companies? “Let’s not trade down,” Cramer said.

INVESTools [SWIM Loading... () ]: Cramer is bullish on SWIM. “They have pulled it off.”

Melco PBL [MPEL Loading... () ]: When it comes to the casino business: “They know nothing!”

Skyworks [SWKS Loading... () ]: Cramer likes Sky Works as well as RF Micro Devices [RFMD Loading... () ]. But he stressed the only window of opportunity to own these stocks is between now and January. Sky Works is poised to go to $12, but get out when it does, he said.

Precision Steel [CPSL Loading... () ]: In the bubble that is the Chinese market, Cramer is sticking only with the best. Precision Steel is not the best.

Circuit City [CC Loading... () ]: Trade up to Best Buy [BBY Loading... () ], Cramer advised. “Circuit City is in an existential crisis.”

Invesco [IVZ Loading... () ]: Cramer prefers T. Rowe Price [TROW Loading... () ].

Level 3 [LVLT Loading... () ]: Only when CEO Jim Crow - who had been in the hospital and is the main reason Cramer had recommended LVLT - comes on Mad Money and says he is in good health will Cramer get behind the stock again. “Mr. Crow, come on this show!”

Tellabs [TLAB Loading... () ]: This stock is history if it doesn’t complete an acquisition, Cramer said, and that’s not enough of a reason to own it.

Archer Daniels [ADM Loading... () ]: Go with Bunge [BG Loading... () ], Monsanto [MON Loading... () ] or Mosaic [MOS Loading... () ], Cramer said. ADM is “a lost company.”

Click for the rest of tonight's show:

Under Armour [UA Loading... () ]: “Don’t believe the bears. Under Armour is the place to be!”

Aircastle [AYR Loading... () ]: Cramer likes the yield and remains bullish. It’s just not that exciting of a stock, he said.

Lance [LNCE Loading... () ]: The better play is Kraft [KFT Loading... () ], Cramer said.

Red Hat [RHT Loading... () ]: Cramer believes Oracle [ORCL Loading... () ] is still the best of the software names.

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