Stocks Like Disney Should Be Bought On Grexit - Cramer's Lightning Round (6/15/15)

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Includes: ARW, AVT, CNI, DENN, DIS, ED, ENBL, KMB, T, UNP
by: SA Editor Mohit Manghnani
Summary

Arrow Electronics' and Avnet's distribution business is good.

At 5.5% yield, AT&T is a buy.

There is pressure on the consumer packaged goods stocks.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, June 15.

Bullish Calls:

Walt Disney (NYSE:DIS): "This is exactly the kind of stock I am telling people to buy if we get a Greek default. Let's wait for that news."

Arrow Electronics (NYSE:ARW): "I like Arrow Electronics, I like Avnet (NASDAQ:AVT). I like that distribution business. The stock has come down, but that's okay; it's an opportunity."

AT&T (NYSE:T): "5.5% yield; the yield is firm. I know that's because people think rates are going to go higher. I want you to buy AT&T and I think it's right here."

Denny's Corporation (NASDAQ:DENN): "I think you buy 200 shares. You buy 100 here, and you buy 100 if it gets to $10."

Kimberly-Clark Corp. (NYSE:KMB): "I know the yield is only 3.3% but I wouldn't buy it all at once. Why wouldn't I buy it all at once? Because there is a lot of pressure for the consumer packaged goods stocks, but I do like KMB."

Neutral Calls:

Canadian National Railway (NYSE:CNI): "No, if we are going to go rail we are going to go Union Pacific (NYSE:UNP), but we have to wait for the quarter because numbers can still come down."

Enable Midstream (NYSE:ENBL): "A lot of the midstreams are coming down and we've got to be real careful in midstreams. That one's got a decent yield but I am concerned about the midstreams. Don't add any more to it. Let's leave it at that."

Consolidated Edison (NYSE:ED): "That is all about the Fed, so we are going to buy that stock Thursday if we get an all clear from the Fed. This stock has come down so much, don't pull the trigger yet. Wait."

Editor's note: There weren't any bearish calls discussed on Monday's show.

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