Thursday, March 28, 2024
Homemad moneyLightning Round: This group goes higher tomorrow

Lightning Round: This group goes higher tomorrow

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Sierra Wireless: "Sierra is okay, but I'm a Skyworks guy, we know that. Then I'm an Avago guy, but it's up too much. SWKS, that's our name in that space."

Opko Health Inc: "I don't want you to buy more, we have had quite a run in OPK. Many people criticized me for liking this stock the whole way up. So I am not going to double down at $15.But I do want you to hold on to the stock."

Spansion Inc: "I like Spansion because I like the merger with Cypress. I want you to own CY. Good yield, good management."

Taiwan Semiconductor: "It's a low cost producer doing quite well. I've got no qualms owning that stock."

Theravance Inc: "It's a nice spec but I've got to tell you—when I've got stocks like Celgene, BioMarin and things like Regeneron I am not going to go down to that Theravance."

Alibaba: "Remember, we like Yahoo which is the derivative of Alibaba…I think Alibaba on its first day up it was hanging on the thread…It's going to be part of the cohort that I think goes higher tomorrow because it's high growth. I want you to hold, not buy anymore Alibaba."

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Read more from Mad Money with Jim Cramer
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SanDisk Corporation: "You can't disappoint twice and then expect me to give you the high sign! I got guys that aren't disappointing at all, that's why we are going with Skyworks and of course Cypress Semi."

Alcoa Inc: "We have liked it since $8 and we are going to like it at $15 and we are going to like it at $20. But I understand that the raw price of aluminum has not been that great this quarter. Could the stock get hit? I don't know. Sometimes you believe in a CEO and I think Klaus Kleinfeld is going to take the stock higher. It's in aerospace now."

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