Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday June 22. Click on a stock ticker for more analysis:
Qualcomm (NASDAQ:QCOM): 'I think that QCOM is going to make that business up ... they've been having a fight with Nokia, that's nothing new. I reiterate my buy on QCOM ... but the company has become the Rodney Dangerfield of wireless (i.e., no respect).'
General Motors (NYSE:GM): 'best acting stock in the whole DOW ... Bo Anderson today - he's the head of procurement - came out and virtually guaranteed a quarter ... I think GM goes to $30 ... We can't under-estimate the cost savings, or how good the cars are ... It's no longer "generous motors" either; they've been cutting back those big benefits. '
Alamo Group (NYSE:ALG)
Valero Energy (NYSE:VLO): ' ... single best refining co. in the world ... at $60, it's a bargain!'
Mitsubishi UFJ Financial (NYSE:MTU)
LifeCell (LIFC): 'LIFC is going higher, not lower.'
VF Corp (NYSE:VFC): 'That stock's got the momentum; 52-week high. It's going to be marked up next week.'
UBS (NYSE:UBS): ' ... unbelievable earnings power, because it is the largest asset management company... A $105 stock, once at $120. I think it goes back to $120.'
McDermott International (NYSE:MDR): 'Day after day, there are big contracts being led to MDR. This stock is a $42 stock, but that's a masquerade. It should be at $50!'
Micron Technology (NASDAQ:MU): ' ... the decision to buy Lexar Media will allow them to have more mindshare with Intel (NASDAQ:INTC). I think this is a good move by them.'
Continental Airlines (NYSE:CAL) : 'Earlier this week, in my first and most dramatic endorsement of an airline since 1982, I recommended CAL. I think this company's got its cost down, it's filling its planes, it's going to have a monster quarter and take out its 52-week high. CAL is two thumbs up, way up!'
Southern Copper (PCU)
Arena Pharmaceuticals (NASDAQ:ARNA)
Best Buy (NYSE:BBY): 'Did you see the buyback in action ... That company reported a great quarter; it boosted its dividend; it raised guidance, and it still doesn't get any respect. Well, it does from Cramer. I'm pulling the trigger right here.'
Altria (NYSE:MO) 'When they spin it off (i.e., Kraft), it will go to $100. MO is a stock that should be bought now!'
Alberto-Culver (NYSE:ACV-OLD): 'I think that ACV should have been up another $5. There are many brokers that said this is much ado about nothing. They are so wrong! $25 in your pocket; two other companies. I add them up, I get $51. I want you to stay with ACV.'
Biogen Idec (NASDAQ:BIIB)
Western Refining (NYSE:WNR)
Under Armour (UARM): 'it stalled at $36. It can't get any traction.'
Hansen Natural (HANS): 'If you want to buy HANS, wait until after the split, wait three days, until everybody's kicked out their stock. And then, and only then, would I buy HANS.'
Electronic Arts (ERTS): ' ... it's got declining fundamentals. I think, at $35, I'm going to back up the truck, ERTS.
Peru Copper (CUP): 'I happen to think that CUP is too speculative.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.