Cramer's Lightning Round - Ford Is Running on All Cylinders (6/1/10)

 |  Includes: CLF, CRM, F, ISRG, NKE, NTAP, PAR
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday June 1.

Bullish Calls:

Ford (NYSE:F): "Ford is run by Al Mulally, he is doing everything right… we stay long on Ford… and, yes, we worry about Europe like everybody else… but Ford is going to come out whole… notice how well the stock acts vs. the rest of the market."

Nike (NYSE:NKE): "I want you to go to the Dick's Sporting Goods conference call… you will hear how threatened Dick’s conference call (sounds)… if they are worried about the brand new expansion of Nike… if they are worried, I am a buy, buy, buyer of Nike… which I think is a very cheap stock here… brought down by how ugly this market is."

NetApp (NASDAQ:NTAP), (NYSE:CRM): "When you are talking about computer storage, I am going to drive you to NetApp, Inc... what a sensational conference call… that company is on fire… I think that NTAP is your storage play… by the way, when it comes to… I am not dinking Salesforce, it is just that NTAP just reported that beautiful quarter."

Cliffs Natural Resources (NYSE:CLF): "People do not want to touch these resource stocks until we know better about China… I think they are wrong… I would buy one quarter of my position right now for Cliffs Natural, because I think that iron is going to be very, very in demand… do not let the bears talk you out of it… the bears have got the microphone."

Intuitive Surgical (NASDAQ:ISRG): "It is one fast growing company… ISRG rocks.. I will buy it into weakness… I think that it is a good stock in this tough environment… I would stick with it if I owned it… I might buy a little on the way down."

Bearish Calls:

3 Par (NYSE:PAR): "Interesting stock, 3PAR… the stock had a big spike…When you are talking about computer storage, I am going to drive you to NetApp, Inc."


Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

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