Cramer's Lightning Round - Bank of America Will Explode (6/10/10)

 |  Includes: AKAM, ARUN, BAC, FMX, LINEQ, PG
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday June 10.

Bullish Calls:

Bank of America (NYSE:BAC): "Yes, I do feel that it will explode, which is why my charitable trust bought 500 shares after we figured out that the Blanche-Lincoln stories that were going to break up the banks are untrue... Let me be very clear. If this financial regulation passes, you are not going to be able to find these bank stocks anywhere near where they are, which is why I am urging people to find one they like, and pull the trigger now, before financial regulation "reform" is passed."

Procter & Gamble (NYSE:PG): "Alright, this stock is dramatically undervalued. This may be the best packaged goods company that has not run, as they all have. And I recommend it, and I think you should buy it right here at $61... buy, buy, buy! I think it's just... I think you're getting it very cheaply."

Akamai Technologies (NASDAQ:AKAM): "I like Akamai more than I like Aruba."

Bearish Calls:

Fomento Economico Mexicano (NYSE:FMX): "You're done. You just ring the register... sell, sell, sell. Congratulations (that Heineken acquired them). Yeah, I got that one, because I'd been in Mexico, and I just loved the darn thing."

Aruba Networks (NASDAQ:ARUN): "Yes, it's a good company...I like Akamai more than I like Aruba."

Linn Energy (LINE): "You know, look... This is one of the best-run plays. I, myself am worried about the dividend. Now, they have put out a lot of good stories. They've hedged themselves. I recommended this stock at $16. When it got to $25, I said, 'Let's take the money off the table. I am not changing my mind.' We need to see natural gas up higher in the out years to be able to maintain that yield, although I think it's safe for the next 16-18 months without a problem."


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