It's Time for the Lightning Round!
Starbucks SBUX: Starbucks is a “don’t buy” for Cramer. But if it goes down to $23 or $24, he said it will be cheap again, and investors can consider buying a position.
FMC Technologies and Oceaneering International : Cramer likes them both, but going into hurricane season, he thinks OII is a better pick: “They did really great in the last hurricane season.”
Superior Offshore : “I have been so right about the oil service group, and this one has no ability to rally…but I can’t back away because the fundamentals are good.” Cramer said this is too cheap to sell.
Flextronics : Cramer has only lost money with the contract manufacturing industry in his long Wall Street career, but “I can’t hate it anymore,” he said. “It’s probably getting better.”
Baidu.com : “Baidu’s a winner.”
Deere : “The ag group is on fire.” Deere are the only two down, Cramer said, but he still likes them both. He’d wait for Deere’s quarterly report before making a move, though.
Intel : Intel has a good buyback going and Cramer expects the second half of the year should be good because of the coming seasonal bull market in tech. He recommends sticking with Intel.
Graco : “This is a nuts-and-bolts American company that is doing very well…and I have to stay with it.”
Public Service : “This is one of the best utilities.”
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