Zoe's Kitchen Is A Buy - Cramer's Lightning Round (5/16/16)

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Includes: CELG, DVN, EOG, KMI, MNK, OXY, PANW, ZOES
by: SA Editor Mohit Manghnani

Summary

Palo Alto Networks is a long-term buy.

Occidental Petroleum is better than Devon Energy.

Cramer likes Celgene's future.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, May 16.

Bullish Calls

Zoe's Kitchen (NYSE:ZOES): This retail restaurant is working. It's a buy.

Kinder Morgan (NYSE:KMI): "I think you hold it. I don't have a lot of faith in it, but that group is moving up. That one hasn't moved up yet because it does have a trust problem is the way I would look at it."

Palo Alto Networks (NYSE:PANW): Buy it with a long-term view as it is the best in its space. The short-term chart for this stock does not look good though.

Celgene (NASDAQ:CELG): People feel they might have paid more for Receptos (RCPT) but Cramer likes the future of the company.

EOG Resources (NYSE:EOG): It's a good stock in the oil space. Buy it when it falls under $75.

Bearish Calls

Devon Energy (NYSE:DVN): Occidental Petroleum (NYSE:OXY) is a better company with a better yield.

Mallinckrodt (NYSE:MNK): This stock is a battleground.

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