Mad Money: Lightning Round: 3M, Wyeth, Lockheed Martin and More - Lightning Round

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Oct.15

8:48 PM ET

Wednesday, 15 Oct 2008

Lightning Round: 3M, Wyeth, Lockheed Martin and More

Topics:Stock Picks | Stock Market

Continental Resources [CLR Loading... () ]: The stock is down big, but Cramer thinks CLR might be at its bottom. “This is where to pull the trigger.”

Computer Sciences [CSC Loading... () ]: Sell, sell, sell, Cramer said.

Annaly [NLY Loading... () ]: Cramer won’t recommend a company that needs to borrow money to do business in this environment. Don’t buy, he said.

Northrop Grumman [NOC Loading... () ]: “You can’t own the defense stocks right now,” Cramer said. If the polls are right and Barack Obama wins the presidency, that doesn’t bode well for this sector. If investors have to have a defense play, Cramer said to go with Lockheed Martin [LMT Loading... () ] instead. That stock is down $8 and it has a better dividend.

Allegheny Energy [AYE Loading... () ]: Duke Energy [DUK Loading... () ] offers a better dividend yield, Cramer said. Buy DUK instead.

3M [MMM Loading... () ]: Cramer said to wait on 3M until the dividend yield reaches 5%. It’s at 3.6% now, and with the stock declining so quickly, investors might not have long to wait.