Seeking Alpha
Profile| Send Message|
( followers)  

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday June 17.

Bullish Calls:

Kinder Morgan Partners (NYSE:KMP): "KMP did secondary ...people didn't like it ...MLPs are under pressure ...people say they (the government) are getting rid of the tax break, and I say that is nonsense ...buy buy buy."

Alcoa (NYSE:AA): "I am a believer in the CEO. I know the stock acts terribly, along with the other metals stocks ...but I am a buyer and a believer."

Estee Lauder (NYSE:EL): "High end ...that is why it keeps going higher. I'm a buyer."

The Cheesecake Factory (NASDAQ:CAKE): " I like CAKE ...when gas goes below $3.50, that stock goes up 10-15% ...the raw costs are going down."

HCA Holdings (NYSE:HCA): "I am surprised the stock has stalled here ...I like slow and steady, because they do, in the end, win the race."

Bearish Calls:

Micron (NASDAQ:MU): "No, we caught that one at the end of the year ...the trade is over: sell, sell sell."

Lithia Motors (NYSE:LAD): "Oh man, come on ...you guys are young, so it is okay if you do some speculation ...but this is way too spec for you."

Valero (NYSE:VLO): "sell sell sell ...we want to own people who are selling gasoline," [Editor's Note: Cramer is referring here to companies that own gas stations and therefore sell gasoline directly to the consumer].

Johnson Controls (NYSE:JCI): "I think JCI is the stock where, if we weren't in this auto bear market where gas is high...JCI would be going to $50, but right now, it is at $37, and is not going anywhere."

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

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 Lightning Round - The Micron Trade Is Over (6/17/11)