Jim Cramer's Real Money Radio Recap 6/27

Recap of Jim Cramer's radio show on Tuesday June 27. Click on a stock ticker for more analysis:

Note: Aaron Task will be filling in for Cramer this week.

Surviving a Panic - After Monday's small rise, the market fell back because of concern over the Fed's meeting on Thursday. On Cramer's June 6's radio show, he said that rallies can be counterproductive because they are usually followed by panic-selling. When this happens, Cramer suggests riding out the panic and not to dump good stocks. He also suggested that a diversified porfolio can absorb the shocks of a volatile market.

On a different note, Aaron Task observed that while, for the past five years, small and mid-caps have outperformed large-caps in growth and valuation, large-caps have been making a strong comeback.

Beating the Summertime Blues: Sirius Satellite Radio (SIRI), Apple (AAPL), Palm (PALM), Broadcom (BRCM), Advanced Micro Devices (AMD) and Zoltek (ZOLT) - William Gabrielski, research analyst at TheStreet.com joined Aaron task on the show and discussed the importance of choosing profitable stocks when speculating, and gave Sirius Satellite Radio as an example of a stock to avoid. He added that while subscriber growth is a useful consideration in an up market, one needs to be more flexible when the economy is slow. Task asked Gabrielski if he anticipated the rise of big-cap stocks if the Fed tightens, and he replied that the trend seems to be starting, but that it is based on relative performance. He emphasized that the secret to success is to choose stocks wisely.

In previous programs, Cramer warned investors to avoid buying tech in the summer, with the possible exception of Apple (AAPL). Although Gabrielski agrees in general with Cramer's comment, he says that such moves can be made with a view to the long-term. Gabrielski suggested companies such as Palm, Broadcom and Advanced Micro Devices.

Bullish calls:

Wal-Mart (WMT): Task believes that WMT has bottomed out and is heading back up.
Apple (AAPL): Both Task and Gabrielski agree that the iPod will bring up Apple, which has been hit lately. They also believe that the stock will benefit from the Fed meeting.

Neutral/Bearish calls:

General Motors (GE): This stock has experienced a 40% decline, although it is a mega-cap, which Task believes might have a stronger price-earnings ratio than a small or mid-cap stock. Although he is concerned about GM's drop, Task says it might be at a low enough entry point to buy.
Hewlett-Packard (HPQ): Although Task points out that HP was doing well, he does not see a good future for the stock.
Marvell Technology (MRVL): Task observes that investors are getting out of this stock.
Target (TGT): This stock has not been performing well lately, says Task, who believes Target's products are low-quality.
Vodafone (VOD): Task is bearish on VOD, and says that it pays too much for its acquisitions.

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