MAD MONEY RECAP | LIGHTNING ROUND | Friday, 03/28/08

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	Friday, 03/28/08 Posted 03/28/08, 11:52 pm ET	(Scroll down to see Jim's comments below)



Today's date: Friday, 03/28/08

	Dow Jones:	12,216		- 86
	NASDAQ:		2,261	- 19
	S&P 500:		1,315	- 10


■	Stock Snapshots - Includes all stocks from callers' questions	■

After this segment, you can see Jim's Closing Segment picks here...

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Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

69.44

Procter & Gamble Co. (PG)

PG - PG, which has the best single dividend record, in terms of putting a new dividend in... raising the dividend every year on the New York Stock Exchange is, without a doubt, one of my absolute favorite companies. I urge people - if they want to find out how to read an annual report, and what is a great company in America - that they go to PG's annual report. This company does not tolerate losing divisions and sheds them... I think the quarter's going to be good. I think this is a great entry point. I want to pull the trigger on PG!

WFR

70.50

MEMC Electronic Materials Inc. (WFR)

WFR - No! I am telling you right now... that stock has peaked. This is a new position for me. Sell, sell, sell!... I am telling people they've got to get out of the WFR, which is for solar panels. We're done... we're done with WFR. We're done. It needs to go. I am ringing the bell, ringing the register, telling you that thing is no good. Get out, before it's in the house of pain.

Cramerisms.com
(This is becoming an ever-growing GREAT SITE for financial terms
and descriptions - especially ones unique to Jim Cramer!)

CALM

37.83

Cal-Maine Foods Inc. (CALM)

CALM - Cal-Maine is a very pro-shareholder company. The stock got big today... This is an egg company... and when we go into a recession, or get people a little bit short (on cash)... Let's say, they don't have as much money... people do eat eggs. Now, more importantly, this is a company that is heavily shorted. People bet against this company. It has been confounding the shorts. Why? Because the business is darn good. My take... is that you have a winner. It's not trying to do anything other than make money for shareholders, and I like it.

CLWR

14.41

Clearwire Corporation (CLWR)

CLWR - A very speculative stock that everybody's thinking that Sprint (S) is going to do a very big to-do with... there was some news on the tape about them building out a network. Let me say unequivocally... I want you to sell this stock - sell, sell, sell - and anything that's affiliated with Sprint. I don't think there's a "there" there. CLWR needs to go, and I've been right on the stock.

6.41

Sprint Nextel Corp. (S)

See CLWR comments above for:
S

FDO

19.12

Family Dollar Stores Inc. (FDO)

FDO - FDO, like Big Lots Inc. (BIG), like Dollar Tree (DLTR), like Wal-Mart (WMT)... is where you shop, when you're getting the beatdown of a recession... and that's why I like FDO here. I will not like it, when the economy picks up speed. I do like it now.

5.59

Ford Motor Co. (F)

F - No. The only think we like in F is the preferred... it lets us sit and wait, while Alan Mullaley (CEO of Ford) turns the company around. Now, I just want to be very honest about F here... I did not like the big sale they made this week. They did not get enough money out of it... I'm talking about the (sale to) Tata (TTM) of the high-end products (e.g., Jaguar and Land Rover)... I also feel like that the whole United States auto industry is just doing awfully, and F is part of it... and how does Chrysler make it? I do not know.

F-PA

14.03

FORD Preferred (F-PA)

See F comments above for:
F-PA

KWK

35.38

Quicksilver Resources Inc. (KWK)

KWK - You've got horsesense! That is absolutely one of my favorite overlooked plays in the oil and gas patch. They are probably maybe the most levered oil and gas plays to the higher prices... KWK is terrific... Quiksilver Inc. (ZQK), the apparel company, is an ix-nay (bear sound). KWK, the oil and gas company (bull sound) does incredibly well at these prices... I want you to stay in that stock and, if it drops to $32, I want you to buy more!

Price target to buy: $32.00

ZQK

9.77

Quiksilver Inc. (ZQK)

See KWK comments above for:
ZQK

MSFT

27.91

Microsoft (MSFT)

MSFT - MSFT is run by my friend, Steve Ballmer (CEO), who was the business manager of the Harvard Crimson, when I was president... (buzzer sounds)... It took Steve a little while to get his feet wet. He's doing a fabulous job. This Yahoo! (YHOO) acquisition... Please don't raise your price Steve... don't outbid yourself, like so many of the analysts are saying... including that Citigroup guy... I think it's going to be a powerful combination. I think MSFT is not necessarily a runaway up stock. I think it's a great place to be... and, I use this term very lightly, because it means that I don't know what I'm talking about near-term, and I actually do... it's a good situation longer term. When that deal closes, MSFT goes higher. I hope MSFT uses cash. They have a lot of cash. This is just a good company. It is not - like I said - it is not one of those stocks that's going to be like the old days, but I am certainly not going to bet against it.

20.83

Citigroup (C)

C - Bank of America (BAC) is going to get Countrywide Financial Corp. (CFC). Now, let me be very clear about Citigroup... Vikram Pandit (CEO) is doing his review. He needs to do that faster than he can... he needs to get rid of everything that Chuck Prince (former CEO) bought, including Nikko Cordial. He needs to raise capital, by selling those divisions, and then he needs to teach the shorts a lesson, by sending the bad stuff to the Fed... raise the capital... then go back to work, and rebuild a great American bank... But, right now, my case is strictly bearish on Pandit... And, John Havens (?), come on the show please... Come on this show, and defend what's going on at Citigroup...

JCP

37.48

J. C. Penney (JCP)

JCP - I don't want to sell JCP down here, but I've got to tell you... JCP will see $32-33 I believe, before it sees $42 to $43... The execution has been sloppy. The company does not seem to have a game plan, beyond the excellent Ralph Lauren line that it has and... I don't like that part of the segment of retail. I am going to stay away from JCP. I think it goes lower. I want you to stick with Costco (COST), if you want retail, and maybe some URBN...

COST

64.37

Costco (COST)

See JCP comments above for:
COST

URBN

30.27

Urban Outfitters (URBN)

See JCP comments above for:
URBN

[ end of lightning round ]

After this segment, you can see Jim's Closing Segment picks here...

Go to the CLOSING SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>

Symbol keys:
	A Charitable Trust stock. - An asterisk next to a stock symbol indicates that Jim mentioned it is a stock that he manages within his charitable trust portfolio. You can see the complete portfolio of stocks here >>
	Thumbs up - indicates he would buy the stock or, at the very least, not sell the stock. We do our best to interpret Jim's opinion on stocks, as we think it is indicated by his comments during the show. Please read his comments to decide for yourself.
	Thumbs down - indicates he has said not to buy or to sell the stock, based on his comments We do our best to interpret Jim's opinion on stocks, as we think it is indicated by his comments during the show. Please read his comments to decide for yourself.
	Back up the truck - indicated by Jim, when he says the stock is so good, that he would do a 'mon-back' on the stock... In other words, this is the sound someone would say to a truck driver, "Come on back... " as he is "backing up the truck" to load up on his cargo. Translation for buying stocks: This recommendation by Jim indicates that, after you do your own homework on the stock, you should feel comfortable loading up on it, as it is in a good position to be bought at this point.
	Stumped. - Of the 2,000+ stocks that Jim Cramer has in his head, for which he has an informed opinion, he sometimes comes across a caller with a stock he does not know well enough to opine on... He then indicates he is stumped and will have to come back to it, after he does some homework of his own on the stock. This usually occurs during the Lightning Round, when Jim does not know in advance who is calling, or what their stock question is about.