Jim Cramer's Mad Money In-Depth Stock Picks 6/16

by: Miriam Metzinger

Recap of Jim Cramer's radio show on Friday June 16. Click on a stock ticker for more analysis:

Back to School: Aeropostale (NYSE:ARO)

Cramer predicts that this will be a winning back-to-school company, in spite of its past mistakes, like underestimating the popularity of denim. ARO plans to sell shorts until the end of the summer, stock more twill (which is in style), and is currently buying back stock. He notes that Stacy Pak from Prudential and Dana Cohen from Bank of America are also recommending Aeropostale.

Buy Strength: Bear Stearns (NYSE:BSC), Best Buy (NYSE:BBY), Goldman Sachs (NYSE:GS) Caterpillar (NYSE:CAT)

Although Cramer usually says "Buy weakness", he is making an exception for the coming week, and is suggesting that investors buy companies which have reported good quarters. GS is currently buying back stocks, and CAT raised its dividend after a successful shareholder's meeting.

Diversify: Ralcorp (RAH) General Mills (NYSE:GIS), Pepsi (NYSE:PEP)

Cramer warns that those who made a lot of money in last week's rally should diversify their portfolios. He suggests buying a supermarket or a food and beverage stock.

Ahead of the Game: Bed, Bath & Beyond (NASDAQ:BBBY) and FedEx (NYSE:FDX)

For those who don't mind a bit of risk, Cramer suggests buying stocks before earnings . He suggested BBBY and FDX as good picks to get before they report their earnings on Wednesday.

High and Low Risk Oil: Talisman Energy (NYSE:TLM) and Trinidad Energy Services Income (Toronto Stock Exchange under the symbol TDG.UN.)

Cramer says that oil is back, and suggests high and low risk plays. Talisman, based in Calgary, is one of the most aggressive oil companies, and is constantly searching for unexploited areas. Cramer suggests Trinidad as a safer pick.

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

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