Cramer's Lightning Round - Corning's Disappointments Are Over (6/14/10)

Includes: BIDU, FLR, GLW, SMG, STV
by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer's Mad Money TV Program, Monday June 14.

Bullish Calls:

Corning (NYSE:GLW): "I think that it is a great move, I think that Corning is a very undervalued stock… I think that TV demand worldwide is picking up… the computer screen demand is picking up… I do believe that Corning is a great bet here… and I think that the disappointments are over… it has been a disappointing stock."

Scotts Miracle-Gro (NYSE:SMG):" I will tell you something that happened on Monday that I think is really pertinent to this … retail sales came out… and the numbers for like the people who are in home improvement were very bad… Scotts Miracle-Gro I thought would have been lower… because of that retail… the fact that it did not tells me that stock is saying stick with it… I want you to keep owning it."

Baidu (NASDAQ:BIDU): "The only Chinese stock that I am recommending is… and that is because Google threw in the towel on China… otherwise, forget China…"

Bearish Calls:

Fluor (NYSE:FLR): "When this stock breaks to $41, $42, it is a buy… when it goes above $50 it is a sell.. this stock is completely range-bound until we see a better quarter… and that is how you are going to play Fluor... it is a trading vehicle… we buy low and we sell high."

China Digital TV Holding Company (NYSE:STV): "No, I am going to have to say no to that… look, I like a good trading strategy… but I just do not like that company… we are not going to recommend any other (Chinese) stocks (besides Baidu) because I do not like their stock market… no ifs, ands or buts…. do not stick with that market."


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