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Recap of Jim Cramer's radio show on Tuesday June 20. Click on a stock ticker for more analysis:

Pin Action Plays: Triumph Group (NYSE:TGI), Heico (NYSE:HEI), and Moog (MOGA):

European aerospace company, Airbus, is losing out to Boeing (NYSE:BA), and 55% of all orders are going to BA. However, this doesn't mean picking up BA, according to Cramer, because the stock is already way up. When something like this happens, Cramer recommends "pin action" which means investing in companies that supply to a stock that is too high to buy. Cramer "pin" pointed Triumph group, which manufactures aircraft components, Heico, which produces replacement parts for engines, and Moog, which makes flight controls.

Checking In: Hilton (HLT-OLD)

It is time for travel, and hotels are thriving. Cramer notes that Marriott (NASDAQ:MAR), Four Seasons (FS), Choice Hotels (NYSE:CHH), Hilton (HLT-OLD), and Starwood Hotels (NYSE:HOT) are all doing well, but he nominates Hilton as the best of the breed. Hilton merged with Hilton International (different companies, despite the similar names) to become the world's largest hotel chain. "I usually like smaller companies that have room to grow," he said. "But Hilton is too good to pass up." The company now has the European market at its disposal, is expected to grow earnings at a rate of at least 20%, and has a 37% gross margin. The solid gross margin is due to the fact that the company is owning fewer hotels and is renting out names to franchisees, says Cramer.

Undervalued Banks: Bear Stearns (NYSE:BSC), Goldman Sachs (NYSE:GS) and Lehman Brothers (LEH)

Cramer says he can't figure out why these banks aren't trading at more than 8 times earnings, and he recommends picking up these stocks. Many people believe that electronic banks are winning out, but Cramer points out that they can never replace investment banks. For example, Bear Stearns specializes mortgage packaging and selling, Goldman Sachs makes huge profits off of commodities selling, and Lehman Brothers, like other investment banks, is involved with bonds, fixed income and foreign business.

CEO Interview: Clarence Otis, Darden Restaurants (NYSE:DRI)

Cramer asked Clarence Otis if the rising gas prices were hurting business, and he responded that people go out to eat regardless of the cost of fuel, but acknowledged that the sector is facing some challenges. He discussed the recent success of Red Lobster and Olive Garden. Cramer asked Otis when Bahama Breeze and Smokey Bones would be all over the country, and Otis responded that once Bahama Breeze works on its business model and Smokey Bones takes a break from a recent growth spurt, both businesses will be ready for expansion. Cramer suggests pulling the trigger on Darden.

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

Source: Jim Cramer's Mad Money In-Depth Stock Picks 6/20