Valero Energy Is A Buy - Cramer's Lightning Round (6/4/18)

|
Includes: EMR, FANG, HEP, ICHR, LRCX, MPC, PRGS, VLO
by: SA Editor Mohit Manghnani

Summary

Monster Beverage's turnaround could take time.

Lam Research is a good pick in the semiconductor equipment group.

Emerson Electric can make it big.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, June 4.

Bullish Calls

Valero Energy (NYSE:VLO): "There's still a very big spread between the Permian Basin oil and the rest of the country and therefore I think Valero still works. I hate to buy a stock at its 52-week high, but I do think Valero is an up stock, as is Holly Energy Partners (NYSE:HEP), as is, by the way, Marathon Petroleum (NYSE:MPC)."

Diamondback Energy (NASDAQ:FANG): The supply glut at the Permian basin is hurting the stock. Stick with it.

Emerson Electric (NYSE:EMR): It could trade up very big. Cramer's trust owns a position in the stock.

Progress Software Corporation (NASDAQ:PRGS): It's a good company with a good long-term story. It's surprising for Cramer to see it down.

Bearish Calls

Ichor Holdings (NASDAQ:ICHR): Cramer prefers Lam Research (NASDAQ:LRCX) in the semiconductor equipment group.

Monster Beverage (NASDAQ:MNST): Cramer had liked the stock for a long time, but they have missed the quarter and a turnaround is not expected soon.

::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Jim Cramer's Action Alerts PLUS: Check out Cramer's multi-million dollar charitable trust portfolio and uncover the stocks he thinks could be HUGE winners. Start your FREE 14-day trial now!

Get Cramer's Picks by email - it's free and takes only a few seconds to sign up