Celgene Can Earn $7.50 Next Year - Cramer's Lightning Round (2/8/16)

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Includes: AGN, AOS, CELG, DG, DLTR, GE, ICE, JOY, KKR, VLO, WMT
by: SA Editor Mohit Manghnani

Summary

Don't sell Allergan.

General Electric is the recommended industrial and cyclical play with dividend protection.

Stay away from refiners.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, February 8.

Bullish Calls

Allergan (NYSE:AGN): A lot of stocks, including this one, are under pressure right now, but it's a mistake to sell Allergan.

Intercontinental Exchange (NYSE:ICE): This stock profits from turmoil in the world. It has come down to a price that it is worth owning.

Celgene Corporation (NASDAQ:CELG): They can earn $7.50 next year. Cramer would be a buyer at these prices.

Dollar Tree (NASDAQ:DLTR): This stock is in a sweet spot. Cramer likes Wal-Mart (NYSE:WMT) and Dollar General (NYSE:DG) too in the current environment.

Bearish Calls

A.O. Smith (NYSE:AOS): In the industrial sector, Cramer recommended General Electric (NYSE:GE) as it is a yield play.

KKR & Co. (NYSE:KKR): There is a lot of short-term pain since there are no IPOs.

Joy Global (NYSE:JOY): If one needs to buy a cyclical, it has to have yield protection which puts General Electric in the picture again.

Valero Energy Corporation (NYSE:VLO): Don't touch the refiners. 4% yield cannot protect this stock.

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