Jim Cramer's Mad Money Lightning Round
  Stock Picks for the Week of 6/16/08 
See all specific stock picks and comments below...

   See Last Week's LIGHTNING ROUND picks here >>  
 

Lightning Round Stock Picks and Comments for:
Monday, June 16th, 2008
(see all Lightning Round stock picks/comments below for this night... )

Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

OII

78.67

na

Oceaneering International, Inc. (OII)

OII -  I think Oceaneering is the secret to being able to drill deep... they had a fabulous business after Katrina, that's where I first learned it... Secondly, I saw it from Investor's Business Daily... I'd like to buy that stock on any dip... As I do and the same thing with FMC Technologies (FTI)... You have a winner! You have a winner with OII... May I throw in a third besides FMC and OII?... I'm throwing in Core Labs (CLB)? These are all core growth positions, and when I talk about how we have the greatest oil technology in the world, I am speaking of OII... And I am speaking of "let our drilling begin"...

FTI

76.38

na

FMC Technologies, Inc. (FTI)

See OII comments above for:
FTI

CLB

141.02

na

Core Laboratories NV (CLB)

See OII comments above for:
CLB

CALM

30.91

na

Cal-Maine Foods Inc. (CALM)

CALM -  I don't think so... No, I don't like it... Most anything in the Food Group I don't like... Now this is an egg play... and we know that egg is the only place to get really good protein... but it's a commodity play... no thanks... the only food company that I'm really pressuring to go higher here is Heinz (HNZ) because they already made their quarter... everybody else is a suspect.

HNZ

50.39

na

Heinz (HNZ)

See CALM comments above for:
HNZ

HNI

20.69

na

HNI Corp. (HNI)

HNI -  Yes, but remember this is still a furniture play it's Hon. like Herman Miller... I can't get behind a furniture play... I can't get behind a cabinet play like Basco... I'm having a hard time getting behind a faucet play by Fortune Brass... Everything in a house is ix-nay right here. I want you to be careful with HNI... I don't like it... I don't like it.

TER

11.70

na

Teradyne Inc. (TER)

TER -   Semiconductor equipment... I cannot be bullish on that...I will throw in that I don't like LAM Research Corp. (LRCX)... I don't like KLA-Tencor Corp. (KLAC)... I don't like Seimer(?)... I don't like that group... Wall Street is always trying to get behind that group... Wall Street is so bullish in that group... Wall Street is wrong!  I like Applied Materials (AMAT) only because they have a solar division... that's the only one in that whole segment that I'm willing to endorse. TER... well I do like Agilent (A)...when it comes to semi-conductor test equipment.

LRCX

38.21

na

LAM Research Corp. (LRCX)

See TER comments above for:
LRCX

KLAC

42.78

na

KLA-Tencor Corp. (KLAC)

See TER comments above for:
KLAC

AMAT

20.79

na

Applied Materials (AMAT)

See TER comments above for:
AMAT

A

37.35

na

Agilent Technologies Inc. (A)

See TER comments above for:
A

ALD

16.88

na

Allied Capital Corporation (ALD)

ALD -  Oh, jeez...you know... when you touch a stock like ALD, you are dealing with one of the most risky securities in the world. You got everything going against you. Think about what you got, okay?...You have mezzanine financing of debt that you don't even know how the companies are doing even though you've got established management, it is still a financial... you know I am not recommending any financials on this show with the possible exception of US Bancorp (USB)... maybe Wells Fargo (WFC)... but don't pin me down on that... Yours is still not too late to sell... And you know what?... a lot of the journalists have been after this one for a long time and I think they're going to be right.  Sell, sell, sell!

USB

31.38

na

US Bancorp (USB)

See ALD comments above for:
USB

WFC

26.38

na

Wells Fargo (WFC)

See ALD comments above for:
WFC

AAPL

176.84

na

Apple (AAPL)

AAPL -  Alright, I want you to sell three-quarters of your position if you have not sold any... why?... because frankly, the trade's been done and until we see some real data... we got BY this thing at $120.  It got to $185... I said sell a quarter before the day of the iPhone, half the day of the iPhone, and let the rest run. You are in that phase right now when you're going to give back too much money and I don't want you to do that... I want you to sell three-quarters of the position.

ARAY

8.47

na

Accuray Incorporated (ARAY)

ARAY -  We don't like ARAY... It's a poor man's Intuitive Surgical (ISRG)... and by the way, we don't like ISRG either... That stock ran too much... (buzzer sounds)...
Hey, I'm cracking the whip... sell, sell, sell.

ISRG

280.50

na

Intuitive Surgical Inc. (ISRG)

See ARAY comments above for:
ISRG

SNE

49.36

na

Sony (SNE)

SNE -  Do you know what? I am going to come out four-square for SNE... Why?... because I think the Yen is going down versus the dollar - doesn't take a genius to know which way the wind blows... that's been happening... and I think that Japan is becoming more competitive again... I want to own SNE...break up value?... probably $60 bucks... I want you to hold on to SNE... I maybe even want you to buy some SNE.

V

83.27

na

Visa Inc. (V)

V -  Oh yes, I like V very much... I like Mastercard (MA) even more... I've got to go on record for that... but these are the two stocks that are not credit risks, they have consumer spend and really a great secular change on going from paper to plastic... You've got a winner in V... Those who are buying MasterCard, you are still right... Everybody else... please, if you're buying anything involving retail or bank... see me first, and I won't let you do it.

MA

294.47

na

Mastercard (MA)

See V comments above for:
MA

[ end of lightning round ]

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Lightning Round Stock Picks and Comments for:
Tuesday, June 17th, 2008
(see all Lightning Round stock picks/comments below for this night... )

Jim
Cramer's
rating on
this stock

STOCK
SYMBOL

Closing
price
that
day

Opening
price
next
day

Full Company Name/Comments
(see comments above for each)

CPST

4.12

na

Capstone Turbine Corp. (CPST)

CPST -  You know I like speculation for 20% of your portfolio.  The stock hits a 52-week high of $4.12.  Have you ever made that money at the movies?... At the racetrack?...  When you go out to a restaurant?...  No.  This is the greatness of the market.  CPST has got mini turbines.  They're back.  They're right with these energy prices.  I want you to do this.  You are now playing with the house's money.  Bulls make money, bears make money, hogs get slaughtered.  If you cut the position in half, that's what you must do.  Sell half, and let the rest run.  Congratulations!

JRCC

54.54

na

James River Coal Co. (JRCC)

JRCC -  Now here's where my disciplines cross...  I am so bullish on JRCC... I remain bullish on ACI... You know I like BTU...  JRCC is great.  Here's the problem... What do you have?... Like a triple in that!  I need you to remember that bulls make money, bears make money, and hogs get slaughtered.  You too must take off at least a third of that position... Why not half, like I told (the previous caller)?... Because Capstone (CPST) is speculative.  JRCC isn't.  You take off one third... we go up again, you take off another third... and then you play with the house's money.  Congratulations.  Once again, I remind people... listen to these callers... listen to the amount of money they are making, and you too - if you do your homework - can make that kind of money.  Let's get involved in the stock market...

APOG

23.47

na

Apogee Enterprises Inc. (APOG)

APOG -  The earnings could be problematic, because they've got the automotive business, but I do believe that this company has superior technology, and I do believe that it's a buy.  Now, it's not an aggressive buy, like I would tell you, if it were one of the natural gas companies.  This is a nice, steady long-term...  we've got to keep checking in... but I'm not backing away.  I think APOG's good.  I think it's good.

WMT*

58.69

na

Wal-Mart (WMT*)

WMT* -  WMT* happens to be a stock I own for my charitable trust... I think that WMT* is so good, at $58, that I cannot have you sell it.  WMT*, TJX (TJX), Costco (COST), and Urban Outfitters (URBN) are all working.  I see WMT* going to $63.  I do like Bristol-Myers Squibb Co. (BMY)'s yield.  I do think they'd sell themselves before they let that company go down the drain...  But I cannot have you sell WMT*.  It is too good.

TJX

32.54

na

TJX (TJX)

See WMT* comments above for:
TJX

COST

69.93

na

Costco (COST)

See WMT* comments above for:
COST

URBN

33.79

na

Urban Outfitters (URBN)

See WMT* comments above for:
URBN

BMY

20.03

na

Bristol-Myers Squibb Co. (BMY)

See WMT* comments above for:
BMY

NOG

14.14

na

Northern Oil and Gas, Inc. (NOG)

NOG -  I happen to be with Chris Matthews, my friend from Philadelphia.  He just came back from North Dakota.  He was telling me about the oil and gas situation and how it's booming.  I then pulled the files and, sure enough, you've got a great one in NOG.  Now, just to be clear, Continental Resources Inc. (CLR) is better than your one... but CLR has now tripled, and yours hasn't yet.  I want you to own it, I want you to stick with it...

CLR

73.30

na

Continental Resources Inc. (CLR)

See NOG comments above for:
CLR

NT

10.21

na

Nortel Networks Corp. (NT)

NT -  No, no, no...  You've got a great opportunity (to sell)... They claim that they're getting focused and doing stuff... Sell, sell, sell...  You know what... great.  Take the money and run.  Be like Steve Miller... That's a Steve Miller stock.

CXO

39.89