Jim Cramer's Mad Money Lightning Round
  Stock Picks for the Week of 6/23/08 
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 23rd, 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)

OESX

10.39

10.45

Orion Energy Systems, Inc (OESX)

OESX -  It's got this lighting business that's not that good frankly.  And this has got energy management...  If you want energy management, you know I'm going to send you to the Eaton (ETN)s... to the Emerson (EMR)s...  to the Honeywell (HON)s...  Those are all better than your pick...

ETN

92.94

92.70

Eaton Corp. (ETN)

See OESX comments above for:
ETN

EMR

53.63

52.24

Emerson Electric (EMR)

See OESX comments above for:
EMR

HON

54.99

54.90

Honeywell (HON)

See OESX comments above for:
HON

PCP

109.93

109.00

Precision Castparts (PCP)

PCP -  PCP is just a buy here.  Everyone keeps reacting and saying you can't touch anything that has to do with aerospace, because the American airline business is bad.  May I caution people that there's a bigger picture.  I want you to go to the FedEx (FDX) conference call and listen to what they have to say about bringing on new aircraft and saving fuel.  People are missing the fuel-save story, and PCP is part of it!

PRGN

17.70

17.55

Paragon Shipping Inc. (PRGN)

PRGN -  When we're talking shipping, you know we're talking about another...  The one to own here is Frontline (FRO).  It's got the best dividend... 15% yield, 52-week high... That has been the one that I'm am doing.  The other ones are not easy.

FRO

71.76

72.36

Frontline Ltd. (FRO)

See PRGN comments above for:
FRO

BWLD

26.53

26.39

Buffalo Wild Wings Inc. (BWLD)

BWLD -  I'm afraid one day, we're going to wake up and find them not locked in and, therefore, be at the mercy of the ethanol lobby... 30% of our corn goes to 3% of our gasoline.  Nobody likes it, except for the politicians.

PFE

17.38

17.39

Pfizer (PFE)

PFE -  Here's the problem with PFE...  They're levered to the financial services business, which is why this stock keeps going lower.  Anything that is levered to the financial services business is no good... sorry.

NAT

38.64

38.26

Nordic American Tanker (NAT)

NAT -  Here's the problem... NAT is real good... we love Herb... We think that's stock is good, but it's still not as good as Frontline (FRO).  Let's keep it real simple.  FRO is best in show... FRO is best in show... 

FRO

71.76

72.36

Frontline Ltd. (FRO)

See NAT comments above for:
FRO

SQM

53.53

54.48

Sociedad Quimica Y Minera de Chile (SQM)

SQM -  Now here's a stock that I recommended that then flew up $5... Well, that was stupid.  It's a Chilean company and Americans took it up.  So then it goes down to $51.  It makes me feel like I got slapped in the face and whipped...  But now, it's coming back... and SQM, which is lithium and fertilizer... No connection to my friend Bunge (BG) that bought Corn Products International Inc. (CPO) today...  SQM must be bought, for those that have missed the ag move so far...

FLIR

39.44

39.36

FLIR Systems Inc. (FLIR)

FLIR -  Man, I've been a big supporter of FLIR for about 20 points... This is a company that is just doing great.  It's the only defense company that, because it does home(land) security... that people feel will win, whether it's Obama or whether it is McCain.  I say pull the trigger if you're not in it.  I like the stock. (buzzer sounds)

TITN

33.35

33.91

Titan Machinery, Inc. (TITN)

TITN -  TITN is terrific!  Come on man... have some faith!  Have some faith!  The stock has just flatlined for now, but I think the stock is just a fantastic, ready-to-roll play.  No...  no sellers of TITN.

NCOC

10.55

10.53

National Coal Corp. (NCOC)

NCOC -  First of all, we know that every single coal company that we follow is a buy.  Now I know that sounds almost facetious, but the Chinese have been absolutely nut-jobby about buying everybody's coal now, so we want to be in there.  Now, the one that you have is one of the few that is not making money, so may I say that that's a speculative play on coal, and I still want to go back to the Peabody Energy (BTU) well!  I am a buyer of BTU, even up here.  I think that BTU - yeah, British Thermal Unit, isn't that a cute name - is the way to go, even up $4.  Coal can't be clean... It can be cleaner, and BTU is going to $100!

BTU

84.76

85.37

Peabody Energy Corp. (BTU)

See NCOC comments above for:
BTU

Price target for BTU:  $100.00

[ end of lightning round ]

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Lightning Round Stock Picks and Comments for:
Tuesday, June 24th, 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)

CHK

65.45

65.75

Chesapeake Energy Corp. (CHK)

CHK -  CHK is one of my favorites.  People know I like the oil and gas plays.  People were taking profits in these today.  It was like going out of style... it was like banging down some sort of ETF on all the natural gas.  Do I know whether CHK is going to bottom today?  No I don't.  So, how do buy 100 (shares) of CHK?...  I use the methods I talk about in Jim Cramer's Real Money... and what I would do, if I had to buy 100 shares... I'd buy 25 tomorrow, and then I'd buy 25 for every point (i.e., $1) down, using a wide scale.  Aubrey McClennan runs CHK.  It's terrific, but the stock has had a monster run, and every stock can be due for a little profit taking.  I don't care.  He's a wildcatter... I want you to buy CHK.

WTS

24.65

24.61

Watts Water Technologies, Inc. (WTS)

WTS -  It has come down a lot.  I was looking for a good water play.  It had a nice spurt.  It has come back... and you know what I've got to do... Rather than just say I love it as much as ever, let me find out why the stock has really been hammered here.  So I've got work to do... Memo to staff... Let's come back and find out exactly why WTS has come down, rather than just wing it, because that doesn't help anybody...

AA

36.89

37.25

Alcoa, Inc. (AA)

AA -  No, no... you've got to buy more AA.  The Chinese are now importing aluminum.  This stock has come down as part of an overall profit taking... There's been no takeover.  People are freaking out... The guy from RT Zed came on the... show the other day... It doesn't sound like he wants to do any more acquisitions.  People feel that BHP's not going to acquire it.  I say do it (buy it) on earnings.  AA is going to report in two weeks, and I think it's going to be okay.  Now, remember, their raw costs... remember, there's a lot of natural gas used to make aluminum... that's why the stock's going down... but I'm not concerned.  This is a valuable piece of property...  At $36 bucks, I want to pull the trigger and buy some more...

WB

17.86

18.07

Wachovia Corp. (WB)

WB -  Why do you hurt me?...  All right, let me say this...  Lehman Brothers (LEH) was up today... WB was up today...  Anything can happen.  But let me give you the skinny on WB...   WB has hired Goldman Sachs, apparently to try to get out of its bad loan portfolio.  I think they can do that.  There was a lot of talk that JPMorgan (JPM) might buy them.  I completely discredit that.  There's no way they want to enter the house of pain.  I do think WB is a trainwreck... okay.  It's a trainwreck.  I think that, if it goes back to $20, it's a gift, and you can sell it.  I really want to point this out again... I do not like that stock at all.

CX

23.98

24.17

Cemex S.A.B. (CX)

GCI -  Too hard!  Too hard!...  Even though I think that's the best company... It's a Mexican cement company that's worldwide... I saw them when I was in France...  You can't own a cement company into this kind of slowdown... not when the fundamentals are supposed to be so sound, according to our Treasury Secretary, who frankly is beginning to really get me angry... I mean, they know nothing!...  Hank Paulson sounds just like Herbert Hoover... He's got to stop with "the fundamentals are sound... "  We all know better... you and I know better...  Don't try to say something we all know is untrue!

MDT

51.59

51.68

Medtronic Inc. (MDT)

MDT -  Last quarter was good.  I think it's the beginning of a multi-quarter turn.  I like MDT better than I like Boston Scientific Corp. (BSX) or Johnson & Johnson (JNJ) or St. Jude Medical Inc. (STJ)...(buzzer sounds)...   I think MDT is right for this environment and I'd pull the trigger.

BSX

12.49

12.53

Boston Scientific Corp. (BSX)

See MDT comments above for:
BSX

JNJ

64.72

64.83

Johnson & Johnson (JNJ)

See MDT comments above for:
JNJ

STJ

40.91

40.97

St. Jude Medical Inc. (STJ)

See MDT comments above for:
STJ

IPI

68.21

66.51

Intrepid Potash (IPI)

IPI -  All right, now IPI is a perfect example of what I'm talking about when I say that bulls make money, bears make money and hogs get slaughtered...  I liked the stock in the $50s.  Everybody knows that.  I urged you to buy it... I urged people to buy it right on the IPO...  I liked the stock in the high $50s... I liked it in the low $60s, in the high $60s...  It gets to $70, for heaven's sake, do you really need me to ring the register?... That's enough of a gain.  It's up almost 50%, for heaven's sake.  So my take is this...  You've had the big gain.  Let's circle back and buy Potash (POT), Mosaic (MOS), or Agrium (AGU).

POT

227.35

224.87

Potash (POT)

See IPI comments above for:
POT

MOS

142.98

141.14

Mosaic (MOS)

See IPI comments above for:
MOS

AGU

107.16

105.15

Agrium (AGU)

See IPI comments above for:
AGU

BMY

20.23

20.35

Bristol-Myers Squibb Co. (BMY)

BMY -  I'm not worried about BMY's management.  The dividend is safe, and I've got to tell you something... I am actually amazed that this stock has stayed at $20, even though Eli Lilly & Co. (LLY)'s drug, which was going to supposedly kill Plavix, is not succeeding.  I say it feels like a house of pain, but BMY is really - with that dividend - is a house of pleasure.  And I would stick with BMY...

[ end of lightning round ]