Cramer's Lightning Round - I Haven't Felt This Way About Alcoa in Ten Years (6/3/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Friday June 3.

Bullish Calls

Alcoa (NYSE:AA): "I like Alcoa. It is a very iinexpensive stock. Prices for aluminum are going to go sky high in the next few years's one of the biggest positions in my charitble trust, and I want to make it bigger, and I haven't felt that way (about Alcoa) in ten years."

Stewart (NASDAQ:STEI): "The Funeral business sadly is indeed a source of tremendous profit for these companies. The stock has come down. I would be a buyer."

Amazon (NASDAQ:AMZN): " right ...gas is high ...sales are still good. The government is trying to figure out how to make profits. They want to tax them ...and remember, it is a $190 stock, and when you see $190 stock, guys are going to come in and say 'sell sell sell.' I think you buy this with deep in-the-money calls and go out four months. You don't want the common in AMZN ... you want deep in-the-money calls."

Parker Drilling (NYSE:PKD), Ensco (NYSE:ESV): "I like is not my favorite of the favorite..the one I would want to buy, is Ensco ...just closed a very big merger."

Bearish Calls

Marathon (NYSE:MRO): "... it happened.You've already picked up 15 points. It's too late."


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