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Lightning Round: Medco, Amgen, Yum! and More

Cooper Tire : Sell Cooper and buy Goodyear instead.

Medco Health : MHS is down as people sell the defensive stocks, but Cramer sees the decline as a buying opportunity. He’s bullish on Medco.

Atmos Energy :Kinder Morgan or Sempra Energy would be better picks. Even better, Cramer said, would be to own EnCana, Southwestern Energy, or Devon or XTO Energy on a pullback.

Yum! Brands : Buy half a position in YUM now, then buy the other half “when Bernanke takes the market down,” Cramer said, reiterating his lack of confidence in the Federal Reserve.

Jim's charitable trust owns Schering-Plough and XTO Energy.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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