Cramer's Lightning Round - I Will Defend Goldman Sachs (6/8/11)

by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Wednesday June 8.

Bullish Calls:

Berkshire Hathaway (NYSE:BRK.A): " isn't (doing well) looks like it is rolling over, but it is the cheapest I have ever seen it. I have tremendous faith in Warren Buffett. He got dealt a bad hand by that guy he worked with, but I've got to stick by it...because I like the insurance business and its other businesses are dirt cheap."

Bearish Calls:

Goldman Sachs (NYSE:GS): "I have a long-term view that Goldman Sachs is terrific. I think it could drop another 10-15 percent because financials are $110, I would tell you I would have to own this stock, because it would be through its book value...let me tell you this. I think Goldman Sachs is as honest as the day is long. Yes I did work there. Yes they did give me my start. Yes I do know the people who work at the top. I think GS is a very good firm, and it is being given a very bad rap, but that said, I think the stock goes lower. I'm not trying to defend the stock, but I will defend the people."

Tractor Supply (NASDAQ:TSCO): "I think the agriculture market longer term is terrific. TSCO is good longer term. Short-term it is retail, and retail is bad. I would do a little schnitzeling...take some off the table. It has had a big run."

Baidu (NASDAQ:BIDU), Sina (NASDAQ:SINA): "That whole market is way too speculative...I told people to sell Sina at $120. It is at $96...the Chinese market is falling apart...the only stock I am recommending over there is Baidu, but that is going to take a licking too because that is a bear market over there."


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