Cisco Is A High Quality Stock – Cramer's Lightning Round (6/8/18)

Charles Schwab is a buy.

MGM Resorts International is cheap at $30.

Cramer is not a fan of Mattel.

Stocks discussed on the Lightning Round segment of Jim Cramer’s Mad Money Program, Friday, June 8.

Bullish Calls

Cisco Systems (NASDAQ:CSCO): Their last quarter was not strong as per the street. Cramer considers this an opportunity to buy the high quality stock.

Charles Schwab (NYSE:SCHW): They keep coining money. Buy it.

Oshkosh (NYSE:OSK): It had raw cost and assembly problems. The peers in the group have bounced back and Oshkosh will too.

MGM Resorts International (NYSE:MGM): CEO Jim Murren is doing a good job. It’s a screaming buy at $30.

Colgate-Palmolive (NYSE:CL): The stock has been over-punished for the last quarter. Cramer likes PepsiCo (NYSE:PEP) too.

Bearish Calls

Rockwell Collins (NYSE:COL): Cramer thinks all the profits have been made as the merger is announced. He also recommended buying United Technologies (NYSE:UTX) after the deal closes.

Mattel (NASDAQ:MAT): “A lot of smart money is buying Mattel, but I cannot recommend a stock on a takeover basis where I think the fundamentals are going down,” said Cramer. He prefers Hasbro (NASDAQ:HAS).

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