Jim Cramer's Real Money Radio Recap 6/22

Recap of Jim Cramer's radio show on Thursday June 22. Click on a stock ticker for more analysis:

Fair Trades : Alcoa (AA), Alcan (AL) and Garmin (GRMN) - Cramer says that until the Fed meeting on June 29, the market will be good for trading rather than investing. He considers AA and AL good trades, because he believes that we are currently in an aluminum cycle. Garmin, which Cramer says is "the most fabulous company I have ever followed," makes products for the consumer and aviation industries. With a 14% growth rate, the stock sells at 27 times earnings and has been up 128% year over year, yet it is three points down from its high. Cramer would trade into this stock until the end of the month.

Recovery for Rite Aid (RAD) - This stock fell Thursday after consistent gains, and Cramer blames the fact that RAD didn't report a good quarter. However, the company has raised its sales and guidance, although its expense structure needs improvement, according to Cramer. Although he observes that a $4 stock often implies incipient bankruptcy, Cramer concludes that this is not the case with RAD, which has $17 billion in sales and is ripe for a takeover or a comeback.

Bullish calls:

Citrix (CTXS): Cramer points out the stock's steady growth rate and predicts that it will continue to thrive.
Best Buy (BBY): Growth, higher dividends and stock buybacks are three reasons Cramer is bullish on BBY. He believes that it will reach $59 by the end of the summer.
URS (URS): Cramer recommends trading L-3 Communications (LLL) for URS.
Goldman Sachs (GS): GS is experiencing a "remarkable conundrum" according to Cramer, who observes that, although GS is growing by 16%, it is the cheapest he has ever seen it. He believes that investors have the misconception that the stock's earnings are not sustainable.
Qualcomm, (QCOM): Cramer is bullish on this stock.
Bed Bath & Beyond's (BBBY): This company reported a good quarter, and has a 16% growth rate. Cramer suggests buying it, even though the company said that it will hold off on further growth.

Neutral/Bearish calls:

Oracle (ORCL): Cramer believes that this company looks cheaper than it is, and although it sometimes delivers, Oracle's performance is inconsistent.
Amazon.com (AMZN): This stock is constantly overvalued, according to Cramer, and has become just an ordinary retailer.
eBay (EBAY): Cramer notes that people are backing off from Ebay because it overpaid for Skype, is not advancing, and does not have a good risk reward ratio.
Allegheny Technologies (ATI): Cramer is not as enthusiastic about this company as he used to be, but he still says that it has the advantage of producing steel for aircraft, which he believes is a good sector. Cramer suggests picking up this stock only if it is very low.

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