Lockheed Martin Is A Buy - Cramer's Lightning Round (4/4/16)

|
Includes: AKS, BA, DG, DLTR, DVAX, JCP, LCI, NUE, ROST, TJX
by: SA Editor Mohit Manghnani

Summary

TJX, Ross Stores, Dollar Tree and Dollar General are retailers worth buying.

Accounting issues need to be cleared before Boeing can be bought.

Stay away from specialty pharma.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, April 4.

Bullish Call

Lockheed Martin (NYSE:LMT): Cramer is bullish on the stock. His trust owns a huge position in the company.

Bearish Calls

J.C. Penney (NYSE:JCP): "I think that the retailers that are working are TJX (NYSE:TJX), Ross Stores (NASDAQ:ROST), Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG). And I kind of don't want to go beyond that group right now."

Dynavax Technologies (NASDAQ:DVAX): Biotech stocks have run up big in the last two days. It has to go down.

AK Steel Holding (NYSE:AKS): It has moved up a lot. Nucor (NYSE:NUE) is better.

Boeing (NYSE:BA): There still needs to be more clarity on accounting issues.

Lannett (NYSEMKT:LCI): Don't buy specialty pharma companies in the current environment.

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

Jim Cramer's Action Alerts PLUS: Check out Cramer's multi-million dollar charitable trust portfolio and uncover the stocks he thinks could be HUGE winners. Start your FREE 14-day trial now!

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