Cramer's Lightning Round - I Wish We Still Owned Qualcomm (6/2/11)

 |  Includes: ENB, GG, IBM, LULU, QCOM, SNY, VALE
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday June 2.

Bullish Calls:

Qualcomm (NASDAQ:QCOM): "This is so hard for me. I sold this stock for my charitable trust, and I wished the trust still owned it... it is 4G and 4G is on fire, so I think they are going to do well."

Goldcorp (NYSE:GG): "I like GG. I think GG is the place to be."

Sanofi-Aventis (NYSE:SNY): "If you want healthcare, the one I really feel good about is Sanofi. It has a good yield."

IBM (NYSE:IBM): "I feel very strongly...remember IBM is up for the year...I feel very strongly that IBM is a terrific stock."

Enbridge (NYSE:ENB): "... that is the pipeline company that gets the oil from where we can't use it to where we need it. I like that 3% yield. Why isn't it (the dividend) higher? Because it has the best growth profile."

Bearish Calls:

Vale (NYSE:VALE): "It should be a good stock. We like this company very much... it is from Brazil. Here is the problem; I am reading articles that I don't like about it...about how they replaced the CEO politically in VALE. I don't like the political risks in Vale...even though the business is good."

Lululemon (NASDAQ:LULU): "This is a tough one for me because I felt I had been behind it for so I said take some off the table. It has moved up a lot, and if you bought it on my recommendation, take some off the table, because the apparel business has been tough...I agree with you it is a great company...I don't want to be a guy who says stick with it through thick and thin...I'm just saying take some off the table."


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