Intel Needs To Split Into Two - Cramer's Lightning Round (6/22/16)

by: SA Editor Mohit Manghnani


United Technologies is trading above the bidding price it received from Honeywell, and this makes it a buy.

Smith & Wesson is a better pick than Sturm, Ruger & Company.

Mining stocks are risky.

The market hates the footwear business currently.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday, June 22.

Bullish Calls

Abbott Laboratories (NYSE:ABT): CEO Miles White is one of the best in the pharmaceutical business. Cramer likes Abbott Laboratories.

United Technologies (NYSE:UTX): Cramer says the stock is a buy, as the company is trading above the bidding price it received from Honeywell (NYSE:HON).

Bearish Calls

Intel (NASDAQ:INTC): Intel either needs to get lot of business from Apple (NASDAQ:AAPL) or find a new customer and split itself into two.

Sturm, Ruger & Company (NYSE:RGR): Although Cramer had liked this company previously, he thinks Smith & Wesson (SWHC) is a better pick, since the latter had a good quarter.

Kinder Morgan (NYSE:KMI): Cramer believes Kinder Morgan is more levered to oil and gas than he had expected versus being a toll road operator. He prefers Enterprise Product Partners (NYSE:EPD), but is not aggressive about buying it.

Nevsun Resources (NYSEMKT:NSU): It's a cheap stock, but the mining business is still risky to be in.

Skechers (NYSE:SKX): The company has delivered consistently, but the market hates the footwear business currently.


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