Cramer's Lightning Round - The Miners Are Not My Friends (6/14/11)

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 |  Includes: GLD, GS, HL, JPM, SNDK, VRA
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday June 14.

Bullish Calls:

SPDR Gold Trust (NYSEARCA:GLD): "...I urge you to buy GLD. I would not buy miners."

Bearish Calls:

Hecla Mining (NYSE:HL): "I think this group is in bear mode...I would not buy miners...they are not my friends...I don't like them."

Vera Bradley (NASDAQ:VRA): "They missed the quarter, and if you miss the quarter and you are a high multiple stock...I gotta say ca-ching, ca-ching...you gotta go, go, go."

SanDisk (NASDAQ:SNDK): "Before the end of the summer, it is going to go lower and tread water. I would not buy SanDisk here until you see the whites of their eyes in end of August...I think they are going to have a good back to school season...but now I would say 'no Danke'."

JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS): "I gotta tell you, today was classic...interest rates went up during the Bernanke talk, banks fell apart during Bernanke talk...I don't like the bank group. I reiterate that I'm bearish on the banks. I don't like the tech stocks either, but at least I have some high growth ones that work periodically."

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