Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday January 31.
Bullish Calls:
MIPS Technologies (MIPS): "The quarter was not the thing of beauty I was looking for. It should have been a blowout quarter. There is a lot going on that is positive. They didn't deliver...the expectations got too high...It is a buy. I am not backing away from MIPS. It has a high valuation and it needed to be a perfect quarter. It was not."
Chipotle Mexican Grill (CMG): "I think it is a terrific long-term story....it is starting another restaurant chain...I think it is an amazingly well run company. Its earnings have to catch up with its multiple....it is expensive on current growth rate and earnings. When people see the numbers for 2011 they will feel much better. The best way to play it is deep in the money calls...cut off your downside."
Prudential (PRU): "Prudential is cheaper (than Hartford) and steadier. I would sell Hartford and buy Prudential."
Pass:
Chart Industries (GTLS): "I don't know it well enough...had a big run... I have to put that in the homework file...putting it on hold and finding out more about it."
Bearish Calls:
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Joanna Krupa Ashley Olsen Danneel Harris Veronika Vaeková Eve
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