Cramer's Lightning Round - 2 Go-To Food Stocks (6/20/12)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday June 20.

Bullish Calls:

Hershey (NYSE:HSY), McCormick (NYSE:MKC): "The price of chocolate is coming down. HSY management is the most aggressive in this industry. This is the go-to name on weakness. It is a great stock to own. McCormick is another consistent food company during this era."

Ross Stores (NASDAQ:ROST): " will be down, because people don't like Bed, Bath and Beyond right now, and they trade together. When ROST goes down, I want you to buy, buy, buy."

Cisco (NASDAQ:CSCO): "I would have been on the bench on Cisco, but I listened to Jabil Circuit's conference call from last night. They are talking very positively about the networking business. That means Cisco is a buy at $17.50, but maybe not at $19."

Cyberonics (NASDAQ:CYBX): "I have been a huge backer, even when the company was being way too aggressive about what they were saying to the FDA ... it is an exciting company."

Freeport McMoRan (NYSE:FCX): "Management is great, and the yield is good. Every time the yield is 4%, I want to pull the trigger, but we need the Chinese to cut rates before we get too aggressive."

Digital Domain Media Group (DDMG): "I am going to say that is okay. They are an animation player and they have pretty good technology, but it is not a blue chip. For young investors, I would bless it."

Bearish Calls:

Suncor (NYSE:SU): "I'm going to say hold but don't sell. It has come down too much. That is not one of my favorites."

SandRidge (NYSE:SD): "Is built on the idea that oil is going higher and not lower. It is hard to own right here. It is just a hold. You have to believe oil is going right back up if you want to buy it. It is too low to sell."


Jim Cramer's Action Alerts PLUS: Trade right alongside a Wall Street pro! Start your 14-day FREE trial today.

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up.