Freeport-McMoRan Can Go To $13 - Cramer's Lightning Round (6/15/16)

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Includes: DAL, FCX, LUV, MO, NTI, OLED, PM, SHPG, SNH, STWD
by: SA Editor Mohit Manghnani

Summary

Universal Display is doing well and has great management.

Book profits on Shire.

Cramer is bearish on fossil fuel stocks and does not recommend Northern Tier Energy.

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

Bullish Calls

Freeport-McMoRan (NYSE:FCX): This thing can't be killed. Cramer thinks it goes to $13.

Altria Group (NYSE:MO): Cramer does not like to recommend tobacco companies. If one has to buy, he would suggest Altria or Philip Morris (NYSE:PM).

Senior Housing Properties Trust (NYSE:SNH): The stock yields 8% and it's doing okay.

Starwood Property Trust (NYSE:STWD): Even though it yields as high as 9%, it's in good shape.

Universal Display (NASDAQ:OLED): "I have liked this company and a lot of bears have said you don't know what you're talking about. But I looked at the technology and the management and that stock is a winner, not a loser. I'm tired of people giving me trouble about a company that is actually doing quite well."

Bearish Calls

Shire Plc ((NASDAQ:SHPG): It's time to sell the stock and book profits. Baxalta did well for everyone.

Northern Tier Energy (NYSE:NTI): Stay clear of fossil fuels.

Delta Air Lines (NYSE:DAL): Cramer has liked airline stocks for some time but it has hurt a lot of investors. So the only airline stock he is sticking by is Southwest Airlines (NYSE:LUV).

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