Jim Cramer's Mad Money Lightning Round Picks 6/8

by: Miriam Metzinger

Recap of Jim Cramer's radio show on Thursday June 8 . Click on a stock ticker for more analysis:

Bullish calls:

Vodafone Group (NASDAQ:VOD): ' ... yields more than 6% ... they could pare down that debt dramatically if they were to sell the Verizon Wireless to Verizon (NYSE:VZ). Remember, they own almost half of it ... Two thumbs up, way up VOD.'
Allscripts Healthcare Solutions (NASDAQ:MDRX): 'They just won another big contract today. That stock is still rolling higher. I wouldn't sell that until it got to $20.00! Buy, buy, buy!'
Electronic Arts (ERTS)
: ' ... it's speculative. I think there's actually a huge pullback in composite materials. This has been hurt by that. It is not a well-run company ... Why do I like it then? Because carbon and graphite fibers are still in a bull market.'
Walgreen (WAG): ' ... the stock spiked recently to $43 after they got that great quarter. It's still down from $49. I think that its ... in bull market mode. Not just because of Medicare part D, but also because they are ideal slow down stocks and we do believe a slow down is coming!'
Rite-Aid (NYSE:RAD)
General Motors (NYSE:GM):
'They have raised $17 billion in cash; they have cut $7 billion in costs. They've got that guy York working there. I think GM is a turnaround stock, and I want to be, not just a buyer, but an aggressive buyer below $25.'
Manulife Financial (NYSE:MFC)
Sears Holdings (NASDAQ:SHLD):
'Eddie Lampert says he is about to sell stores, I believe, to JC Penney (NYSE:JCP) ... He's got 3900 stores; he's over-stored. I want, even up here at $164, for people to buy SHLD, because it's not done. It be going to $200, so stay with it!'
Corning (NYSE:GLW): 'I think it's done going down; it touched bottom today at around $20 a share. $20.50, then it rallied to $22. I would wait until it pulls back to $21, and then you're in good shape.'
Ameritrade H0lding Inc. (NASDAQ:AMTD): 'I just pulled the trigger ... They came out with Jim Dandy numbers this morning - no one cared. One day, we'll care about the fundamentals again, and that stock will be 'all aboard.'

Bearish calls:

Activision (NASDAQ:ATVI): 'I have been unwilling to pull the trigger on ATVI; I don't really care for the management.'
Broadwing (BWNG): 'It's a restructuring play. It's a billion dollar company. I still think it's on uncertain territory here, if not quicksand.

More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.