Mad Money

Lightning Round: Wal-Mart, Delta, Halliburton and More


Joy Global : Cramer’s bullish on JOYG. He recommended waiting for the stock to dip below $20 before buying.

Spartan Store : The only retailer Cramer will get behind right now is Wal-Mart , he said.

Lightning Round

Norfolk Southern : The rails are down, but that isn’t a buying opportunity, Cramer said. He thinks these stocks go lower, so sell NSC. Fellow rail CSX shouldn’t be bought until it gets to $22.

Procter & Gamble : Don’t buy, Cramer said. He thinks PG is a play on the second half of 2009, and not the first. At least wait until after the company reports earnings to see how business is holding up. He thinks PG could drop another near $3 to $55.

Manitowac : Cramer won’t get behind MTW right now.

Bebe Stores : Bebe works as a short-term trade, Cramer said, once it gets down to $4.75. He recommended the stock at $5, it jumped to $7 and is now back down to about $5. Cramer thinks the same type of move could happen again.

Halliburton : HAL’s a sell, Cramer said. The potential for natural gas to go as low as Cramer’s predicted $3 is bad news for this company – and the stock.

Delta Air Lines : The merger with Northwest might have been a boost to Delta, but Cramer just can’t recommend an airline.

Join Cramer live in the studio for Mad Money: The State of Cramerica, a special town hall-style show on Wednesday, Jan. 21. Get your free tickets here!

Jim's charitable trust owns Procter & Gamble and Wal-Mart.

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