Cramer's Lightning Round - Giving Up on Gilead (5/26/10)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday May 26.

Bullish Calls:

Gran Tierra Energy (NYSEMKT:GTE): "Good spec, good spec…I like, I happen to be a big believer in both Columbia and Peru… they have stuff down there, they also have Argentina… I am a Latin American buyer… and I am a buyer of oil… you have got a winner there."

Huntsman Corp (NYSE:HUN): "I like Huntsman… I think Frank Mitch [CEO] is right… it is a good stock, not a great one… got to be careful."

Dow Chemical (NYSE:DOW): " I like Dow Chemical on the decline in natural gas."

Bearish Calls:

Gilead (NASDAQ:GILD): "I have really given up on Gilead… I think that it is a sell… why? Remember, they have expensive drugs… all of these governments around the world are reluctant to pay… Gilead goes lower… I do not want to touch it. Sell, sell, sell!..."

Baxter International (NYSE:BAX): "Man, you have got a bad romance there… Sell, sell, sell!... We thought that Baxter’s quarter was the worst of any healthcare company… it is not too late to sell, sell, sell…. sorry."

Qualcomm (NASDAQ:QCOM): "No, Qualcomm was put in the Sell Block… we think that that company is the worst executor of anyone in the business… it is also one of the worst charts ever… I want to sell Qualcomm nine ways from Sunday …"

Owens Corning (NYSE:OC), Whirlpool (NYSE:WHR): "No, no, no… we think that the cash for caulkers has run its course… so we are a seller of that… and we are a seller of Whirlpool ...I am sorry, I do like the management of that company… it is just that I do not want to own it at this point in the cycle."

Goldman Sachs (NYSE:GS): "Goldman, though, even though my charitable trust owns it… don’t buy… its stock could trade down to $130 in this market… maybe there it gets a little more interesting as it gets closer to book."

China Unicom (NYSE:CHU): "While I believe that the Chinese are going to engineer a soft landing, I do not want to own any Chinese stocks… China Unicom, my charitable trust owns that stock… I think that it is going to go still lower… I know that some people think that it is breaking out technically… I am sorry, I do not want to touch China Unicom."


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