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Lightning Round: BP, Ford and More

Ford : Cramer likes Ford, but he said he prefers the preferred shares .

Monsanto : “This is just one bad stock,” Cramer said. Sell MON.

BP : BP is a buy, Cramer said, even though the stock right now “is not for the squeamish” given the Gulf of Mexico oil spill.

Cramer's charitable trust owns BP.

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