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Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday June 18

The Bulls Dilemma; Caterpillar (NYSE:CAT), Nucor (NYSE:NUE), Morgan Stanley (NYSE:MS)

Everyone wants to see the economy up and running like the old days...or do they? Bulls seem to want to have it both ways; they would like to see unemployment decline, but not too much, or the return of consumer spending, but not too fast. What is the reason for this contradictory attitude? Any green shoots are good for stocks, but if there is a perception that recovery is happening too fast, bulls are worried that the government will scrap the stimulus plan which has helped drive up stocks. Those waiting to buy aren't too worried about a correction; they'd rather pick up Caterpillar at $24 than $34, Nucor at $40 rather than $47 and Morgan Stanley at $20 rather than at $28.

Sell Block: Monsanto (NYSE:MON)

Cramer recommended Monsanto on Tuesday, but since then, two technical analysts have warned about the stock, one predicting it will decline from $82 to $70, and the other saying the stock price could get cut in half. While Cramer usually stresses the fundamentals, very bearish statements by two chartists are enough to inspire caution. Cramer noted the company sold off on high volume but rallied on lighter volume and was showing a "head and shoulders" top. He also agrees with the notion that the commodities have been experiencing an artificial run-up in price and would be cautious, especially after Potash announced production cuts.

RF MicroDevices (RFMD) CEO Robert Bruggeworth

Cramer predicts the move to smartphones will be as big as the PC or cable television revolutions, as the demand grows for cellphones with e-mail, video and internet. RFMD, which produces chips for SmartPhones, has recently cut its costs and is now flush with cash to the tune of $85 million. Bruggeworth agreed with Cramer about the importance of the Smartphone revolution, particularly in China and thinks the prediction of a billion units sold is likely to come to fruition.

Mad Mail: Marathon Oil (NYSE:MRO), Sunoco (NYSE:SUN), Radio Shack (NYSE:RSH), China Unicorn (NYSE:CHU), Embraer (NYSE:ERJ)

Cramer told one viewer that he prefers Marathon Oil to Sunoco, which is just a refiner. He admitted his Radio Shack trade didn't work and would sell the stock. China Unicorn is a buy on Apple's iPhone debut in China. Cramer likes Embraer as play on aerospace.


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Source: Cramer's Mad Money - The Bulls' Dilemma (6/18/09)