Rising Labor Costs Are Hurting Popeyes Louisiana Kitchen - Cramer's Lightning Round (6/21/16)

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Includes: AA, AGN, CAT, CHK, HAR, HPR, INO, QSR, TEVA
by: SA Editor Mohit Manghnani

Summary

Alcoa's split will bring out value.

Caterpillar's dividend is safe.

Chesapeake Energy will be hurt by natural gas prices.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Tuesday, June 21.

Bullish Calls

Popeyes Louisiana Kitchen (PLKI): It's a difficult environment due to rising labor costs, but the company's last quarter was good. Cramer thinks it will manage.

Alcoa (NYSE:AA): The company's split will bring out value, but that can take some time, and investors have to be patient.

Caterpillar (NYSE:CAT): The stock yields 4%, and Cramer believes the dividend is safe.

Bearish Calls

Harman International (NYSE:HAR): Harman has been hurt by a strong dollar, which is hurting the company's bottom line.

Inovio Pharmaceuticals (NYSEMKT:INO): Sell half your position and take the gains.

Allergan (NYSE:AGN): Cramer wants the company to close the deal with Teva Pharmaceutical (NYSE:TEVA) before the stock can be bought.

Bill Barrett Corp. (BBG): The stock has recovered well from its lows, but Cramer suggests taking gains off the table.

Chesapeake Energy (NYSE:CHK): This company will be hurt by natural gas.

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