Jim Cramer's Mad Money Lighting Round Picks 6/13
Bullish calls:
Citigroup (C)
ING Group (ING)
National Oilwell Varco (NOV): 'This stock is down huge ... I am not walking away from the largest maker of rigs in the world - no way!'
Burlington Northern (BNI): 'I like the rails; this is the cheapest rail. Notice this stock was up today. I think the rails are trying to put in a bottom. Do I make it a triple buy? No. I just don't think you should sell them ... BNI does not have any yield support. It has come down 16 straight points. It is trying to find its sea legs. For a trade back to $74, I bless it.'
Oceaneering International (OII): 'I like OII, because what I want there is someone who repairs the rigs, once we get a problem.'
Carrizo Oil & Gas (CRZO)
Foster Wheeler (FWLT): 'It's still up 100% from a year ago ... I'd picked at the stock - not aggressively.'
WCI Communities (WCI)
KB Home (KBH)
Sealy (ZZ)
Bearish calls:
E*Trade Financial (ET): 'I see a stock that was at 27, but I see a stock that was also at 12, all in the last year ... we have to give up a lot of last year's gains ... Think about the fact that people are ringing the register furiously ... stock has a tad more downside. I am not pulling the trigger on ET.'
Wachovia (WB)
Avaya (AV): 'I would not pull the trigger until it got to $9.'
JDSU (JDSU): 'Kevin Kennedy committed the unpardonable sin of doing still one more convertible bond. You are doing your shareholders a great disservice.'
Helix Energy Solutions (HELX)
Cemex (CX): 'You are six points from a 52-week low. Until it gets there, I cannot recommend it ... This market is too hard on that kind of stock.'
Honeywell International (HON): 'I think HON bottoms at 35.00. At 35.00, I'll pull the trigger.'
D.R. Horton (DHI): 'I think DHI is too cheap to throw out, but please recognize that it's still got 3 points down.'
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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