The Cramer Effect Lifts Baker Hughes

The stock market finished the week strong with the Dow Jones Industrial average climbed 36 points to close at 9,820. The stock market has now risen in nine of the last eleven trading days and seems intent on blowing past the psychologically-important 10,000 level. Mad Money host Jim Cramer’s bullish stock picks on the Lightning Round segment of the show posted strong gains with Baker Hughes leading the way.

Here is a review of the performance of Jim Cramer’s stock picks from Thursday’s Mad Money show.

Baker Hughes (BHI: 48.27 -0.23%)
Baker Hughes’s stock soared 7.9% after Jim Cramer commented yesterday that he is bullish on the deal with BJ Services (BJS: 23.18 0.00%). Cramer said that he has always liked Baker Hughes and “saluted” the company.

Yahoo (YHOO: 13.88 +0.87%)
Shares of Yahoo fell 0.6% despite bullish comments from Jim Cramer yesterday. Mr. Cramer said that Yahoo CEO Carol Bartz is being unfairly slammed and he thinks she’s doing a good job and deserves more time. He also believes that Yahoo is so far behind right now that the company is struggling to play catch-up. Cramer believes that Yahoo’s stock will rally to $21 which would provided investors with a 20% gain.

Cramer’s Lightning Round stock picks:

B&G Foods (BGS: 11.47 +1.41%) spiked 3.1% – Cramer sees this as a stable business that offers an incredibly high 8.5% dividend yield.
Terra Nitrogen (TNH: 82.84 +1.30%) jumped 2.0% – Another high yield stock that Cramer recommends for their 8.2% dividend yield.
STEC (STEC: 15.60 +1.50%) fell 4.6% – Continued its sell-off following yesterday’s price cut from Wedbush Morgan, but Cramer is bullish on the stock and recommends buying.
Las Vegas Sands (LVS: 26.86 -0.26%) dropped 0.7% – Cramer warned investors that this is a very speculative play and he is bearish on the stock following their recent rally.