Lightning Round OT: Palm, Halliburton and More

Sprint Nextel : Cramer likes Sprint as a takeover target, but he said the stock is already up significantly since he last recommended it. Investors should take some profits if they intend to speculative on S.

Palm : Cramer said he endorsed Palm as a play on increased earnings, should sales of the company’s new Pre phone live up to the hype.

Halliburton : Cramer’s favorite oil and gas drillers, in order, are Schlumberger , Transocean and then Halliburton. HAL has too much natural-gas exposure, he said, and he doesn’t expect the sector to rebound until the commodity’s price clears $5. His favorite nat-gas driller is Anadarko Petroleum .

CME Group : Take profits in CME, Cramer said. The stock has already had a nice run.

Call Cramer: 1-800-743-CBNC

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