Jim Cramer's Mad Money Lightning Round Picks 5/31

Recap of Jim Cramer's radio show on Tuesday May 30. Click on a stock ticker for more analysis:

Bullish calls:

Energy Partners (EPL): 'I think it can bounce ... I'm not giving up. I'm saying two thumbs up, way up.'
Intercontintental Exchange (ICE): ' ... a rate increase of 20% is going to translate into much higher earnings ... 'Mon-back up $9. It's not my style, but I think it's right this time.'
CBOT Holdings (BOT): 'I think you schnitzel out of ICE here and you still buy BOT at $10.'
J.P Morgan Chase (JPM): 'JPM is cheap ... That 3% yield is good ... I will give it one thumb up.'
Citigroup (C): 'Better yield, better buyback.'
Bank of America (BAC): 'Less willing to give their stock away to other companies.'
Checkfree (CKFR): 'I regard them much more as a software company on this electronic payments and collection ... CKFR is my favorite in that area. I was surprised its fallen $8 from its 52-week high. I would actually do a 'mon-back another two points.'
BP (BP): 'I think it's at $70 versus the others which have come back up.'
ConocoPhillips (COP)
Chevron (CVX)
MasterCard (MA): ' ... go to MA, which is dirt cheap!'
Schering-Plough (SGP): 'I think that SGP - which is run by Fred Hassen - is a coiled spring. One day, we'll all realize that he did the same thing with SGP that he did with Pharmacia Upjohn and Wyeth. I'm staying long SGP!'
Pioneer Drilling (PDC)
Hershey (HSY): 'I would still buy HSY in the mid-50s.'

Bearish calls:

Acadia Pharmeceuticals (ACAD)
Wachovia (WB)
William Wrigley (WWY): ' ... WWY had a bad quarter.. I don't know when they're going to come back ... I want to get out of WWY.'
Urban Outfitters (URBN): 'you need to sell URBN, even down here.'
Genetech Inc. (DNA): 'I think there could be some bad news for DNA.

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