Jim Cramer's Mad Money Lightning Round Picks 6/2

by: Miriam Metzinger

Recap of Jim Cramer's radio show on Friday June 2. Click on a stock ticker for more analysis:

Bullish calls:

Darden Restaurants (NYSE:DRI): 'I think the stock is done going down. I am pronouncing it right here a 'triple buy.'
United Parcel (NYSE:UPS): ' ... we repeatedly said ... that you should buy it in the mid-70s. Now, it's moved to 81 ... I think it goes to $85. I think it's in bull-market mode.'
Basic Energy (NYSE:BAS): 'I'm giving it two thumbs up, way up.'
Identix (IDNX): " IDNX is merging with Viisage. And I just saw a giant buy just yesterday of Viisage by Bob LaPenta, who is one of the L's in LLL, along with Frank Lanza, of Lehman Brothers. When he buys, I want to buy.'
Rite Aid (NYSE:RAD)
Ivanhoe (NASDAQ:IVAN):
'... if it goes back down to $2.00 or below, I'd be a buyer ... I think you should speculate on IVAN.'

Bearish calls:

Bausch & Lomb (BOL): 'BOL has found a floor in the high 40s.'
Goldcorp (NYSE:GG)
Titanium Metals (TIE)

Allegheney Tech (NYSE:ATI): ' ... they have moved too much.'
RTI Intnl. Metals Inc. (NYSE:RTI)
Wal-Mart (NYSE:WMT):
'I did isolate WMT in the low 40s as a buy. It has now moved up ... And, if it gets back to 50, I give it a 'sell, sell, sell!'
Powerwave Technologies (NASDAQ:PWAV): ' I do think the stock could just flatline to go lower.'

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.