Cramer's Lightning Round - Elan Is Too Dicey (6/18/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday June 18.

Bullish Calls:

Johnson & Johnson (JNJ): "....it is wrong to sell in the low 50s. Buy buy buy, particularly with the weak dollar. That is a winner."

PNC Financial Services Group (PNC): 'That stock has come down too much. I want to own some now. they've got a better earnings sheet. I think PNC is a winner."

Northrop Grumman (NOC), Lockheed Martin (LMT)

Celgene (CELG), Genzyme (GENZ)

Bearish Calls:

Tenet Healthcare (TNH): "Is just okay...the balance sheet is not good...don't buy."

Elan (ELN): "Too dicey. I can't bless that one when I've got high quality biotechs, Celgene and Genzyme, at their 52 week low."

L-3 Communications (LLL): "I think you are in good defense mode. I like the yielders more..LMT NOC . You have a winning stock, but I do prefer the other defense contractors."

Granite Construction (GVA): "That company has too much risk. We are going to continue to sell, sell, sell. If I'm worried about California Municipals, I must be worried about Granite Construction."

Undecided:

Aruba Networks (ARUN): "I am not up to date on this stock....I want to know more about Aruba before I recommend going there...I'll get back to you next week."

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Comments

[gfilippi:]

Error above:
TNH is Terra Nitrogen
THC is Tenet Healthcare

According to another site:
www.thecramerreport.co...

The call above was regarding Tenet not TNH.

Jun 23 12:38 PM