Seeking Alpha
Profile| Send Message|
( followers)

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Monday June 21.


Tesla, which will trade under the symbol (TSLA), is "one of the most hyped IPOs of recent memory," but that doesn't mean it's a long-term buy. Cramer explained the difference between a red hot IPO and a red hot stock. Cramer calls the electric vehicle sector "all sizzle without any steak." He would buy the IPO at $14-$16 and sell after initial pop the first day. The reality is that Tesla is a $1.5 billion company with no profits in an industry that is in its infant stages and still needs government subsidies.

Akamai Technologies (NASDAQ:AKAM), SanDisk (NASDAQ:SNDK), MetroPCS Communications (PCS), Pioneer Natural Resources (NYSE:PXD), (NYSE:CRM)

With a soft-landing in China and systemic risk off the table in Europe, money managers are trying to seem like they were bullish all along. What do hedge fund managers do in this situation? They look smarter than they are by buying stocks everyone knows are red hot. Cramer listed 5 winners that make hedge fund managers look good.

1. Akamai (AKAM)

2. SanDisk (SNDK)

3. MetroPCS Communications (PCS)

4. Pioneer Natural Resources (PXD)

5. (CRM)

Less Visible Chinese Plays: Apple (NASDAQ:AAPL), Baidu (NASDAQ:BIDU), Yahoo (NASDAQ:YHOO), Marvell (NASDAQ:MRVL), Cirrus Logic (NASDAQ:CRUS), Nvidia (NASDAQ:NVDA), Coach (NYSE:COH), Nike (NYSE:NKE), Sotheby's (NYSE:BID), Yum Foods (NYSE:YUM), Wynn (NASDAQ:WYNN)

With China roaring back, minerals, infrastructure plays and commodities are moving up, but Cramer recommended looking at less obvious plays on China, with an eye toward growth of Chinese tech and the middle class. He recommended Apple (AAPL), Baidu (BIDU), Yahoo (YHOO), Marvell (MRVL), Cirrus Logic (CRUS), Nvidia (NVDA), Coach (COH), Nike (NKE), Sotheby's (BID), Yum Foods (YUM), and Wynn (WYNN)

Mad Mail: Google (NASDAQ:GOOG), Priceline (NASDAQ:PCLN), Teva Pharmaceuticals (NYSE:TEVA), Manitowoc (NYSE:MTW), Caterpillar (NYSE:CAT)

Cramer told one viewer he does not recommend Google (GOOG) as a long-term play because it missed out on China; he prefers Baidu (BIDU). Priceline (PCLN) is an overvalued stock. Cramer thinks Gilead (NASDAQ:GILD) is a sell because its acquisition has not been successful and it has not had a good quarter. Cramer admitted he got Dreamworks Animation wrong, but thinks it is too low to sell here. Cramer prefers Caterpillar to Manitowoc (MTW), and is bullish on Teva Pharmaceuticals (TEVA).


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.

Source: Cramer's Mad Money - Tesla: Red Hot IPO, Ice Cold Stock (6/21/10)