Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Monday June 6.
Bullish Calls:
Boise (BZ): "It looks so much like Temple-Inland, which got a bid from International Paper, but it may look so much that people might take it up Tuesday. If that is the case, I want you to ring the register. The industrials are not trading right, and that company is really levered to the economy, and I'm a little nervous about it."
Heckmann (HEK): "They are selling the stock left and right, but I like the water sector...I think it's a good buy."
PPL Corporation (PPL): "I think PPL is an excllent buy here. It is the kind of buy I'm looking for...5% yield...buy half now and half down."
Bearish Calls:
Bank of America (BAC): "No (to the chance of it going bankrupt)...but I'm glad you mentioned it. My charitable trust cut the position in half...the banks are still a free fire zone. It is still too early."
Alcatel-Lucent (ALU): "No...it's had a very big run, but it is still a second-rate player in a market where telco is not that good...I would ring the register...too many competitors in that business."
Johnson Controls (JCI): "It's got batteries...it's got car parts...it's all good. That said, I sold this stock. My charitable trust rang the register...it is too hard to own. Too many companies levered to autos. I would say sell, sell, sell until it gets to $33-34."
Vera Bradley (VRA): "I would tell you that I think Vera should be sold. You had a nice run. I think it is time to move on."
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