Stocks discussed on the Lightning Round segment of Jim Cramer’s Mad Money Program, Wednesday, May 16.
Bullish Calls
Johnson & Johnson (NYSE:JNJ): Cramer has been a fan and still likes the stock.
Pure Storage (NYSE:PSTG): They are a smart management company.
Foot Locker (NYSE:FL): Cramer thinks it’s okay. He prefers Nike (NYSE:NKE) even though it’s at the 52-week high.
Insperity (NYSE:NSP): This “business optimization company”, as Cramer calls it, doesn’t quit and he has been recommending it for a long time.
Bearish Calls
Gulfport Energy (NASDAQ:GPOR): Don’t go down the food chain. Buy Schlumberger (NYSE:SLB) as it’s a high quality company.
Preferred Apartment Communities (NYSEMKT:APTS): Cramer is not a fan of multi-family REITs. The 7% yield seems like a red flag.
Cirrus Logic (NASDAQ:CRUS): “We’re not really recommending the components players that go into Apple (NASDAQ:AAPL) right now. It’s just too hard.”
Frontline (NYSE:FRO): The crude carriers have done poorly.
>>Read Wednesday’s Mad Money summary here
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::
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
