Recap of Jim Cramer's radio show on Wednesday June 7. Click on a stock ticker for more analysis:
All is Vanity - Allergan (NYSE:AGN), Cutera (NASDAQ:CUTR), Palomar Medical Technologies (NASDAQ:PMTI): The sluggish market has not quelled consumer interest in looking good, and Cramer sees potential in these "vanity" stocks. The recent FDA approval of Juvederm, which smooths wrinkles, is good news for Allergan, which makes Juvederm and Botox. Cutera and Palomar have seen an increase in their stock after settling a patent lawsuit, and "laser king" Palomar is debt-free and has reported a stellar quarter. "The only solid, dependable rock-hard bull market out there right now is in our own selfish, shallow vanity," Cramer said. "And PMTI and AGN are great plays in the vanity bull market."
CEO Interview: Northgate Minerals (NXG) - Kenneth Stowe, the president and CEO of Northgate Minerals, spoke with Cramer about the company's recent bid to acquire Aurizon Mines (AZK) to fill a short-term need in production growth. Stowe added that the NXG's production costs are on the low side of $200 an ounce. Stowe also mentioned that NXG owns one of the world's largest and most efficient copper and gold mines, which is located in British Columbia. When Cramer asked if Stowe thought that people were giving up on gold, Stowe responded the ETFs would counter any potential lack of demand in other places.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.