Cramer's Lightning Round - Freeport's Own Private Bear Market (5/20/10)

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Includes: AMT, FCX, JPM
by: Miriam Metzinger

Stocks discussed on the lightning round of Jim Cramer's Mad Money TV Program, Thursday May 20.

Bullish Calls:

American Tower (NYSE:AMT): "Okay, I think that it is going to become a Real Estate Investment Trust… all stocks are coming down… there will be very few stocks in this Lightning Round where I can say holy cow, that one is going higher… but I think that AMT is a good one… and I think that it can be bought on the way down… it is a tower antenna company… and we all need more antennas because of the internet tsunami."

JP Morgan (NYSE:JPM): "Alright, this is your call… I think the stock is going lower... I think that it represents great value… I am not a seller… if you cannot take the pain… sell, sell, sell… because I can tell you that that stock could see $35 or $33 and I would just want to buy more."

Bearish Calls:

Freeport McMoRan (NYSE:FCX): "Alright, FCX could be a victim of a mining tax that could be created like the one in Australia… FCX sells a lot of copper into China… remember, China consumes 30% of the world’s copper… FCX is up huge from $17 where it was not that long ago… FCX does not pay a good dividend… consequently, I think FCX has no level that I want to buy it… certainly not here… so my advice is… sell, sell, sell… even though I think it is a great company…I just think it is in its own private bear market..."

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