Genuine Parts Company And AutoZone Are Good Buys - Cramer's Lightning Round (4/1/16)

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Includes: AA, ED, FNV, GOLD, GPC, ISRG, MBLY, NAT, NYCB, TASR, VAL
by: SA Editor Mohit Manghnani

Summary

Taser is a buy at current levels.

Book profits on Valspar.

Mobileye is expensive.

Nordic American Tankers is good as long as day rates don't come down.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Friday, April 1.

Bullish Calls

Genuine Parts Company (NYSE:GPC): The average car age is about 12 years. This makes Genuine Parts Company and AutoZone (NYSE:AZO) attractive buys.

Consolidated Edison (NYSE:ED): Cramer has liked this stock for a long time.

TASER International (NASDAQ:TASR): Cramer thinks Taser should go up. It's a buy under $20.

Franco-Nevada (NYSE:FNV): This stock has had a good run, but Cramer prefers Randgold Resources (NASDAQ:GOLD).

Alcoa (NYSE:AA): Cramer likes the stock both before and after the break-up.

Nordic American Tankers (NYSE:NAT): The price is okay and the dividend is safe. If the day rates come down, then making money off this stock is going to be difficult.

Bearish Calls

New York Community Bancorp (NYSE:NYCB): It's getting difficult to recommend banks in this environment.

Valspar Corporation (NYSE:VAL): Don't arbitrage because things can go wrong. The deal can be blocked by regulators. Book the profits.

Mobileye (NYSE:MBLY): It's a great company but the stock is expensive.

Intuitive Surgical (NASDAQ:ISRG): The company is good but the stock is extended. With competition from the likes of Johnson & Johnson (NYSE:JNJ), one has to be cautious.