Cramer's Lightning Round - Steve Ballmer Is Going To Redeem Himself (6/15/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday June 15.

Bullish Calls:

Microsoft (NASDAQ:MSFT): "I think it is terrific. This stock is inexpensive. It has a bunch of products in the pipeline, and a great balance sheet. CEO Steve Ballmer is going to redeem himself."

AT&T (NYSE:T): "Buy, buy, buy. AT&T has it all. It is absolutely terrific."

Chipotle Mexican Grill (NYSE:CMG), Panera (NASDAQ:PNRA): "I can't believe it (Chipotle) came down so much. I like it and Panera."

Kimberley-Clark (NYSE:KMB): "It is going to go higher. Management is doing an incredible job."

Lions Gate Entertainment (LGF): "I want to buy it ... there are new movies in the pipeline. It is good, but a bit speculative."

Lockheed Martin (NYSE:LMT): "I happen to like the yield. I think it is terrific. If Romney is going to win, the stock will fly. I think it is fine right here."

Travelers (NYSE:TRV), AIG (NYSE:AIG): " .... If I am going to own an insurer, I'm going to own Travelers or AIG. I think AIG could go up 20 points and still be a buy."

Devon (NYSE:DVN): " ... people think natural gas has bottomed. If that is the case, I like Devon."

Bearish Calls

Tesla Motors (NASDAQ:TSLA): "We have not liked the stock ... I am going to say: sell, sell, sell."

Hess (NYSE:HES): "Hess has been an absolute disaster. One of the worst stocks I've recommended. They don't know how to execute. Sell, sell, sell."

Cresud (NASDAQ:CRESY): "So dicey, I can't do it. I'm not recommending any Latin American stocks."

Lincoln (NYSE:LNC): "Too risky."


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