Cramer's Lightning Round - Higher Rates Are Good For First Interstate (6/5/13)

by: Miriam Metzinger

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday June 5.

Bullish Calls:

First Interstate (NASDAQ:FIBK): "It is the kind of stock I am looking to buy. It is precisely the kind of stock that does better with higher interest rates and an improving housing market. I know people are worried about housing, but I do not think rates are done going up, and that is good for these guys."

Ford Motor (NYSE:F): "I say this is a good stock. I know people are saying there is a head and shoulders formation. I'll buy it (for my charitable trust) on the way down."

National Grid (NYSE:NGG): "It is cheap. The utilities are getting down to my sweet spot. I think you can buy some here. It is trying to bottom. I will bless NGG. I think that yield is safe."

Bearish Calls:

8X8 (NASDAQ:EGHT): "It is too speculative. Those little dollar stocks. You can lose money on them."

Amgen (NASDAQ:AMGN): "It has not been one of our favorites ... this group is good to buy on weakness, but Amgen has not been one of our favorites."

Clean Energy (NASDAQ:CLNE): "That is a very speculative stock. I don't think that is where you want to be in terms of the safety of this market."


Jim Cramer's Action Alerts PLUS: Trade right alongside a Wall Street pro! Start your 14-day FREE trial today.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.