Sky Works - Cramer's Lightning Round (6/10/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday June 10.

Bullish calls:

Freeport McMoRan (FCX): “I think that FCX is the most pro-shareholder management in the minerals business…I would stay long it. Below $115, you've got a real gift.”

Canadian Solar (CSIQ): “ …it's a good speculative play. I have not gotten behind any of the solars, because I have been so busy recommending wind stocks,”

strong>Costco (COST): “I would much rather see you buy Costco under $70, than pull on COH.”

Skyworks Solutions (SWKS): “I think it’s been able to differentiate and have enough proprietary technology... Obviously, it’s chips... you're talking about a different kind of proprietary technology. But that's the only one [commodity technology company] I'm behind.”

Bearish calls:

Monsanto (MON): “The stock has had a phenomenal run... truly phenomenal. I am concerned that you'll be coming in at a level that I think is a little too high. Why not wait? If oil goes under $130…you'll be able to buy MON in the $120s.”

Sony (SNE): “You know, SNE is one of those companies where it's not as bad as it used to be…Nintendo is so much better…Not a great stock, not a bad stock. I would put it in the 'don't buy' camp”

Coach (COH): “ ..it's now moved up 8 straight points, and I do not like retail…So I am going to say no. Wait until it goes lower.”

SanDisk (SNDK): “I don't like commodity technology plays. In the end, SNDK is a creature of other companies coming in and slicing their margins. I've been against the stock since $50. It's difficult.”

Apple (AAPL): “You should have sold 3/4 of your AAPL... The other 25%... we're holding on for dear life. There's no need to sell it, because it's the house's money.”

Starbucks (SBUX): “I told two things to Howard Schultz... You need 18 months. That's how long it took to turn around McDonald's …And second, they've got to cut stores…They're still not doing that. My target for this stock would be around $25, 18 months from now.”

Brunswick (BC): “I can't behind BC… but things are over-running these companies right now, and I can't be a buyer of that stock, as much as I like it.”

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Comments

[Steve Jobs]

If you sold apple on this advice, you'll be weeping soon enough. The company has a stunning product line, the best retail in the business, the coolest image... Don't listen to the anal-ists - they don't get apple.
$200 is just around the corner, and 250 less than a short jog away.

[tom1234]

you must subscribe to what i have been saying---$200.00 is a number to pass on our way to the real value ---are we there yet $300.00 ---last year with less accomplished in this debt free company everyone was looking at $250.00--never ---i say never under estamate the WIZZZARD JOBS--- having taken this country with his briliance-- he is embarking on the the rest of the world --my money and i mean 7 figures to the left of the decimal point is on him(aapl)--one and the same to me

[JimmyGoodwin]

aapl broke $177 support and its a long way down. I don't think the stock will rebound till apple see some solid sales figures from the 3G iphone or a new apple product.

Great strides taken in past year, but their superb iphone is merely replacing their ipod sales, 90% of products are overpriced and the rest of their products have at least one major flaw.. laptop(no enet port), AppleTV(read any review), desktops(lacking software support).

[Brewer]

@Jimmy

Mac runs all software, so you probably should check with your Mom before posting on the internet, OK?

You are truly 'wintarded' if you think you need an ethernet port on a MacBook Air. All Macs since the early 90's have had ethernet ports, but most PCs haven't. The Air is quite different, and you can add ethernet now via USB if you really thought you needed to hard wire the world's lightest and best featherweight laptop.

$119 was a long way down, but it popped right back up, unlike most stocks.

[Brewer]

Anyone who listens to Cramer should probably think about doing their own research and not just following this guy who is only pumping and dumping for bigger money.