Head Concho - Cramer's Lightning Round (6/17/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday June 17.

Bullish calls:

Capstone Turbine (CPST): “If you cut the position in half, that's what you must do. Sell half, and let the rest run. Congratulations!”
James River Coal (JRCC): “You take off one third... we go up again, you take off another third... and then you play with the house's money. Congratulations!”
Apogee Enterprises (APOG): “ I do believe that this company has superior technology, and I do believe that it's a buy. Now, it's not an aggressive buy…This is a nice, steady long-term... “
Wal-Mart (WMT): “I think that WMT* is so good, at $58, that I cannot have you sell it…I see WMT going to $63.”
Northern Oil and Gas (NOG): “ …you've got a great one in NOG…Continental Resources Inc. is better than your one... but CLR has now tripled, and yours hasn't yet. I want you to own it, I want you to stick with it...”
Continental Resources (CLR),Costco (COST), Urban Outfitters (URBN), TJX Companies (TJX)
Concho Resources (CXO): “You've got a winner... That is a terrific situation...”

Bearish calls:

Nortel Networks (NT): “They claim that they're getting focused and doing stuff... Sell, sell, sell..”.
Dow Chemical (DOW): “They are the largest buyer of natural gas in the world... Don't buy, don't buy... they need natural gas lower.”
Grey Wolf (GW): “GW is done. Take the profits. Take the money and run...”

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Comments

[Delegal]

DOW: Cramer fails to take into account two key factors: Dow has long term contracts with natural gas suppliers and it has the ability to raise prices to off set material increases. Finally, it is moving large scale operations to JV's with oil and gas supplier countries allowing it to concentrate on value added downstream products.