Seeking Alpha

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday June 14.

Bullish Calls:

SPDR Gold Trust (GLD): "...I urge you to buy GLD. I would not buy miners."

Bearish Calls:

Hecla Mining (HL): "I think this group is in bear mode...I would not buy miners...they are not my friends...I don't like them."

Vera Bradley (VRA): "They missed the quarter, and if you miss the quarter and you are a high multiple stock...I gotta say ca-ching, ca-ching...you gotta go, go, go."

SanDisk (SNDK): "Before the end of the summer, it is going to go lower and tread water. I would not buy SanDisk here until you see the whites of their eyes in end of August...I think they are going to have a good back to school season...but now I would say 'no Danke'."

JPMorgan (JPM), Goldman Sachs (GS): "I gotta tell you, today was classic...interest rates went up during the Bernanke talk, banks fell apart during Bernanke talk...I don't like the bank group. I reiterate that I'm bearish on the banks. I don't like the tech stocks either, but at least I have some high growth ones that work periodically."

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

Jim Cramer was up 31% in 2009. Click here now to sign up for Jim's Action Alerts PLUS and trade alongside him. Special discount for Seeking Alpha users.

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

This article is tagged with: Long & Short Ideas, Cramer's Picks, United States