KKR Will Rise With The IPO Market - Cramer's Lightning Round (4/20/16)

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Includes: BP, EXAS, F, FRGI, ILMN, KKR, KR, SPLK, WFM
by: SA Editor Mohit Manghnani

Summary

Hold Ford for the yield.

Whole Foods Market is better than Kroger.

Fiesta Restaurant has lost its mojo.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday, April 20.

Bullish Calls

KKR & Co (NYSE:KKR): When the IPO market heats up, KKR will go up as they have a lot of companies to get public. Therefore it is a buy.

Splunk (NASDAQ:SPLK): Cramer likes the stock. They are in a growing business.

Ford (NYSE:F): If Ford is to be held for the yield, go for it.

Neutral Call

Kroger (NYSE:KR): The stock is doing okay and not great. Cramer prefers Whole Foods Market (NASDAQ:WFM) at current prices although Kroger is a hold and not a sell.

Bearish Calls

Fiesta Restaurant (NASDAQ:FRGI): "They seem to have lost a little bit of momentum. The stock is a little bit high in price. Let's listen to what Yum (NYSE:YUM) has to say tomorrow. You know I think that one is good, I said buy a little before and maybe buy some after."

BP (NYSE:BP): Cramer is not in favor of fossil fuels. Stay away.

Exact Sciences (NASDAQ:EXAS): They just had one good product and it has already played out. Don't go back to it.

Illumina (NASDAQ:ILMN): They reported a poor quarter and are losing market share.

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