Cramer's Lightning Round - The Street Is Addicted To Qualcomm (6/9/14)

by: Miriam Metzinger

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday June 9.

Bullish Calls:

  • Qualcomm (NASDAQ:QCOM): "Is a buy, because Wall Street is addicted to Qualcomm. Every time there is something negative, buy. It could go to $85."
  • PTC Therapeutics (NASDAQ:PTCT): "We need to take a hard look at that before we say 'no' (given acquisitions in the biotech space)."
  • GenCorp (GY): "I agree with you, and I like it. It is a good situation. I want to buy it myself."
  • Alcoa (NYSE:AA): "I prefer that you be in Alcoa (rather than Freeport McMoRan). I know it doesn't have the yield, but it is a superior situation."

Bearish Call:

  • Freeport McMoRan (NYSE:FCX): "It overpaid for the oil, and the copper, I don't like. I prefer that you be in Alcoa."


Jim Cramer’s Action Alerts PLUS: Check out Cramer’s multi-million dollar charitable trust portfolio and uncover the stocks he thinks could be HUGE winners. Start your FREE 14-day trial now!

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