Jim Cramer's Mad Money Lightning Round Picks, 6/4/07

by: Miriam Metzinger

Miriam Metzinger submits: Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday June 4. Click on a stock ticker for more analysis:

Bullish calls:

Penwest Pharmaceuticals (PPCO): ' ... had no idea that stock had fallen all the way to $12. They have got some great technology ... that's a good spec there. Remember, it is just a speculation though ... they're losing big money and they don't have a lot of revenues either.'
Gildan Activewear (NYSE:GIL): ' ... it is a momentum name ... But, understand. Even though it's cheap on a multiple basis, it's had a big run. Maybe you buy a little, and then you wait for a little pullback.'
GOL Linhas Areas Inteligentes (NYSE:GOL): ' ... they stole Varig. It's a Brazilian airline. It's up $4 since we mentioned it at $28-29. That's not enough. The stock's going to $40. $33... pick up $7. That's what I like!'
Chesapeake Energy (NYSE:CHK): 'Natural gas is back! ... Aubrey McClennan [CEO] is one of the best. I am saying that CHK goes higher!'
Fannie Mae (FNM): 'Now here is a stock I haven't talked about enough ... When the sub-prime loan market went kerplooey... FNM ... decided to buy $20 billion worth of liquidity ... FNM is not expensive, until it gets to $80 a share, and it's at $64.'
Celgene (NASDAQ:CELG): ' ... dramatically undervalued on the Revlamid news from the weekend,'
Gilead Sciences (NASDAQ:GILD)
Fuel Tech (NASDAQ:FTEK): ' ... I thought there was more than a 20% gain there, so I can't tell you to take some off, when I told you there was more to gain ... I'm not bailing. You shouldn't either.'
Herbalife (NYSE:HLF): 'I became convinced that that company is not just a fly-by-night supplement company, but a company that really has a wellness principle.'
Crocs (NASDAQ:CROX) ' I think that CROX is a company that you can own until everyone has decided that every analyst and his brother has recommended.'
Genesis Lease (GLS): 'If you need to be in bundled aircraft, it's Genesis Leasing.'
Boeing (NYSE:BA): 'If you've got to be in aerospace, it's Boeing.'
Tesco (NASDAQ:TESO): 'I have been working like a bow-wow to try to figure out when do we decide to get off the oil service game... and the answer is not yet. This group is still cheap!'
Halliburton (NYSE:HAL)
Input/Output (NYSE:IO): 'Seismic data. You know I like that very much. I think IO has been slighted by Mad Money.'
Trinity Industries (NYSE:TRN): ' ... it's still so darn cheap, I don't think it can hurt you. ... We're under-railcarred in this country.'
Marathon Oil (NYSE:MRO): 'MRO - even at $128 - is still cheap! Unbelievable! I'm pulling the trigger here for half the position, and then let it come in.'
Haynes International (NASDAQ:HAYN): 'I'm staying long it. We liked it 20 points below this.'
Merit Medical Systems (NASDAQ:MMSI): 'I'll buy that one too.'
Dynegy (NYSE:DYN): 'Oh man, down here at $9.50. C'mon let's pull the trigger. Bruce Williamson, CEO. Best in show.'

Bearish calls:

AirTran Holdings (AAI): 'No can do. I'm only using one airline right now, particularly with oil going up...and that is GOL Linhas.'
Mylan Laboratories (NASDAQ:MYL): 'No, can't go there... I think these generic guys have never made me a lot of money.'
Usana Health Sciences (NYSE:USNA): 'too high risk for me.'
JetBlue Airways (NASDAQ:JBLU): 'No! Sell, sell, sell! Another airline that's problematic.'

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