Jim Cramer's Mad Money Lightning Round Picks, 6/1/07

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday June 1. Click on a stock ticker for more analysis:

Bullish calls:

Ameriprise (NYSE:AMP): 'I continue to try to buy ... It keeps getting away from me. But it's still dirt cheap. I think this is a real winner.'
AeroVironment (NASDAQ:AVAV): 'I thought unmanned aerospace was going to be the next thing. ... I would actually pull the trigger right here. I would buy AVAP.'
Portfolio Recovery Associates (NASDAQ:PRAA): ' I remain bullish on Portfolio Recovery because anything that preys upon that weakened American consumer who needs help is a triple buy.'
Spirit Aerosystems (NYSE:SPR): 'I think it's run too much. Can we put it in the Don'tBuy camp?'
BE Aerospace (NASDAQ:BEAV): 'the answer is bullish!'
Precision Castparts (NYSE:PCP)
Barnes Group (NYSE:B): 'It's got railroads, it's got precision instruments; in other words, it's got bulls running with it. I like letter B.'
Rio Tinto (RTP)
Companhia Vale Do Rio Doce (NYSE:RIO): [RTP, RIO BHP and FCX are the] ' four horsemen of another era, and you need to stay long these until I tell you otherwise.'
BHP Billiton (NYSE:BHP)
Freeport McMoRan (NYSE:FCX)
Savient Pharmaceuticals (OTC:SVNT): 'You know this is one of my favorite stocks. Why would you leave it now?'
Amazon.com (NASDAQ:AMZN): 'I think Amazon's an up stock. ... I would continue to buy it.'
Crocs (NASDAQ:CROX): 'We're gonna get out of Crocs when we have four analysts recommending it. Right now we only have two. ... I'm staying long Crocs.'

Bearish calls:

Staples (NASDAQ:SPLS): ' ... I have put people in this thing for a year now, and it hasn't moved. Sometimes you have to admit you're wrong and move on.'

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