Jim Cramer's Real Money Radio Recap 6/7

Recap of Jim Cramer's radio show on Wednesday June 7 . Click on a stock ticker for more analysis:

General comment: Investment Views

People like to believe that they know where the economy is going before they invest, and Cramer has identified three prominent predictions floating around. According to the hard-landing theory, the Fed will raise interest rates high and cause recession. The soft-landing theory foresees a more gentle rise in interest rates to slow the economy down a bit. The third and most recent prognostication is that stagflation, a slowing in the economy combined with a rise in inflation, will result. Cramer rebuts the third theory, which would see gold higher than it is now. Cramer notes that the banks coming up, a sign that we are not entering a recession, and favors the soft-landing theory.

Building on Infrastructure: ABB (ABB)

Cramer is bullish on the infrastructure sector, in spite of its current weakness, because he sees orders increasing in 2007 and 2008. He recommends ABB, a Swiss power-generating company with a long track record, which made a sudden 30% plunge. "For every one point down it has four points up," Cramer says, "that is a fabulous reward."

Bullish calls:

Fortune Brands (FO): Cramer likes this stock, although many have the "short-term view" that the Fed is slaughtering the housing sector. He points out that Fortune is not merely a housing play, has a good balance sheet, and is well-managed.
Suncor Energy (SU): This stock is a keeper, Cramer says, because the Fed is not affecting oil.
Chesapeake Energy (CHK): Although CHK has dropped 6% and many people are staying away, Cramer notes that the CEO is buying the stock, and that CHK, the largest natural gas company in the US, will benefit from a rise in this sector.
Bear Stearns (BSC): Cramer predicts a great quarter for this company, which he believes is one of the best in the industry.
BHP Billiton (BHP): Cramer likes this stock, and he would by 1/3 now and the rest later on.
RF Micro Devices (RFMD): This company, according to Cramer is doing well against competitors, but he suggests waiting for a pullback before buying.
Newell Rubbermaid (NWL): Cramer prefers this company and product to Tupperware (TUP)
MasterCard (MA): Cramer is bullish on Mastercard.

Neutral/Bearish calls:

Symantec (SYMC): Microsoft (MSFT) may beat out Symnatec with better virus software, and Cramer recommends staying away from SYMC.
eBay (EBAY): Three merchants have recently pulled back from eBay, and the company seems to be slowing down.
Verizon (VZ): Cramer suggest waiting on Verizon.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.