Chevron Is Priced Insanely - Cramer's Lightning Round (6/17/15)

by: SA Editor Mohit Manghnani

There is an opportunity to buy Box at current price.

Anthera Pharmaceuticals has good drugs in pipeline.

Exxon is too cheap.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday, June 17.

Bullish Calls:

Chevron Corp (NYSE:CVX): "I think Chevron's priced insanely. This stock is now below where it was when oil was at $45 during the third week of January, this is nuts! I think there's going to be some very big deals in the oil patch because these stocks are now way out of whack. Inventories were high today and everyone said oil is going to come down big but it really didn't do anything. I think you've got to own the oils and I think Chevron is too cheap."

Box (NYSE:BOX): "I liked the quarter and the stock as you remember went up to $19 after and Aaron told a really good story and it was a much better narrative. Yet it still doesn't go higher. I think it's an opportunity as Aaron Levie is delivering. This was not the quarter of old, that was a good quarter and the stock's a buy."

Celgene Corp (NASDAQ:CELG): "I'm a believer of Celgene and I notice they did their re-up of their buyback today and added a $4B authorization. Celgene is okay by me."

Anthera Pharmaceuticals (OTC:ANTH): "It's a development stage biotech that has some great drugs for unmet needs, and I say you should own it."

Exxon Mobil (NYSE:XOM): "Exxon is another one like Chevron, this tells me that deals are going to be done. Exxon stock is now below where it was when oil was much lower. This is crazy. I think there's going to be gigantic deals in the oil patch because the stocks are no longer reflecting any of the fundamentals. They're too cheap."

Amsurg Corp (NASDAQ:AMSG): "Secular growth story, terrific and let me throw in HCA Holdings (NYSE:HCA)."

Neutral Calls:

Spark Therapeutics (NASDAQ:ONCE): "I've got to do more work on that."

Canadian Solar (NASDAQ:CSIQ): "You read the article and I'm sticking with SunEdison (SUNE). That has been the right horse to bet on."

Bearish Calls:

TubeMogul (NASDAQ:TUBE): "In this particular kind of advertisement platform, I am going to go with Salesforce (NYSE:CRM) because they coordinate a lot of these things."

Chesapeake Energy (NYSE:CHK): "No, remember we divorced ourselves from Chesapeake after visiting them. When things were booming in the oil patch we were interested in Chesapeake, but remember that Chesapeake is much more natural gas and natural gas liquids. That is a part of business that is not any good. We like oil companies here."


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