Cramer's Lightning Round - The Real Problem With Time Warner (6/4/10)

Includes: CTL, JPM, MO, SWN, TWX, VOD, WIN
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday June 4.

Bullish Calls:

Time Warner (NYSE:TWX): "Time Warner, what is the matter with it? That is a good stock. Hey listen, it is coming down like every stock… See, here is the problem, it is a stock… I mean they used to say that at the trading desk, I would say what is going on with these stocks? They are stocks... meaning they all come down... and that is exactly what happened with TWX... and I think that what you do is you be patient… it is an accidental high yielder soon… let’s buy it at a discount… maybe start at $26 go down to $23... keep buying to accumulate position."

JP Morgan (NYSE:JPM): "JP Morgan is my favorite bank stock… because we do not have financial regulation… remember the checklist that we had earlier this week… and because we do know at what point employment is going to start growing… this stock is under water… that said, you have got quality... you have got the best of breed… I would begin to buy it on Monday."

Southwestern Energy (NYSE:SWN): "I think that we have got to let it come in… because you see everybody went so crazy when President Obama recognized that natural and gas could fit in one phrase…. I think very strongly that your name is a good name… and, well, let’s just say… buy, buy, buy."

Altria (NYSE:MO): "Okay, that stock got hit today… it got hit hard… it was down 58 cents… what does that tell you? It says to me, buy, buy, buy… I feel very, very strongly that the yield for Altria is terrific… I say buy, buy, buy… and take the dividend and open up an anti-smoking clinic."

CenturyTel (NYSE:CTL), Windstream (NASDAQ:WIN), Vodafone (NASDAQ:VOD): "I think that (CenturyTel) is pretty safe, sir… that is a conservatively run company and I have to tell you that I like it and I like the yield… but I like Windstream better… and you know that I like a little growth. That means that I like Vodafone … which is acting pretty darn well… Vodafone, CenturyTel… six or a half dozen."

There were no bearish calls on Friday


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