Cramer's Lightning Round - King Coal Has Been Dethroned (6/6/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday June 6.

Bullish call:

Altria (NYSE:MO): "The stock in that group is going to be Altria."

Bearish Calls:

Nucor (NYSE:NUE): "It's protected by the 4% yield, but if (the yield) goes to 3.5% or 3%, you have to bail out. Foreigners are dumping steel into our country. Particularly the Chinese."

Huntsman (NYSE:HUN): "What a tough call. If Europe goes Kerflooey, this one is going to go down."

Regal-Beloit (NYSE:RBC): " needs Europe to be strong. This is a leading machinery company. Don't buy."

Star Scientific (CIGX) (Cramer prefers Altria.)

Seagate (NASDAQ:STX): "We are in excess supply of disk drives. Bad numbers are coming. For now, you are protected by the 4% yield, but if the yield goes to 3.5%, sell, sell, sell."

CSX (NYSE:CSX): "I like CSX, but it is too coal related. It doesn't have the yield. King Coal ain't king anymore."

PetroLogistics (NYSE:PDH): "We don't like IPOs once they are broken."


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