Cramer's Lightning Round - Wells Fargo Is Marking Time (6/5/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday June 5.

Bullish Calls:

Aluminum Corp of China (ACH): "I've been looking at this one. I like that pick and I want to be a buyer."

Anadarko Petroleum (APC): "I like Anadarko Petroleum (better than Chesapeake.)"

Travelers (TRV)

Eli Lilly (LLY): "I prefer Eli Lilly (to Pfizer)."

Bearish Calls:

Chesapeake Energy (CHK): "This is not my favorite natural gas stock."

Hartford Financial (HIG): "I like their new CEO but I like Travelers Companies better. I can't recommend a company that screwed up so badly."

Pfizer (PFE): "I actually prefer every other drug company to Pfizer. It is the weakest in the group."

Wells Fargo (WFC): "People are worried about paying back TARP. Until then it's just going to mark time."

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Comments

[wendling_r:]

Mr. Cramer is entitled to his opinions on stocks but his call on CHK is a bad one. I am long CHK at the present time and have just published a report on where I see it moving in the next several months time frame.

There are positive forces behind CHK and its intended price appreciation near term that Mr. Cramer is aware of but will not discuss.

For those interested in my latest report on where CHK will move to click on my site and then go to the reports page. It costs you nothing except the amount of time it takes to read the reports.

Richard

Jun 07 07:35 AM

[Prudent Man...:]

Over the years Wall Street has had it share of ego maniacs that crash and burn. Cramer did last year but his political connection and G.E.'s political contributions keep him going. There, obviously, a class of idiots who believe his hype. After all, he is pumping either his or a crony of his portfolio including shorting ala Goldman Sachs what he is touting. Wall Street learned decades ago not to buy what they are pushing. So did I fifty years ago.

Jun 07 10:06 AM

[friar tuck:]

hey pruman, the idiots are the ones who believe EVERYTHING the man says just as the idiots who believe EVERYTHING you say. are you shorting GE? sounds like it. you didn't state what you are doing.


On Jun 07 10:06 AM Prudent Man CFA wrote:

> Over the years Wall Street has had it share of ego maniacs that crash
> and burn. Cramer did last year but his political connection and G.E.'s
> political contributions keep him going. There, obviously, a class
> of idiots who believe his hype. After all, he is pumping either his
> or a crony of his portfolio including shorting ala Goldman Sachs
> what he is touting. Wall Street learned decades ago not to buy what
> they are pushing. So did I fifty years ago.

Jun 07 11:28 AM

[jackooo:]

Cramer is just trying to make a living. If he knew what he was doing he would be retired.

Jun 08 10:30 AM

[Ellito:]

This morning oil hit over $71.50 mark.
Time to get some Jr. oil companies.
For one share of CHK, you can get almost 10 shares of WRES.
or 15 shares of GMET. Both WRES & GMET are good potential co.
Check them out.
For oil pipelines, get EP.
For oil drillers, get PDS.
Good luck.

Jun 10 05:14 AM