Ametek Is A Buy - Cramer's Lightning Round (1/3/18)

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Includes: AEP, AMAT, AME, GIS, HRL, NBR, SJM, SO
by: SA Editor Mohit Manghnani
Summary

The demand for flash and DRAMs is fine.

Cramer is not a fan of Southern Company.

Nabors Industries' chart signals it can touch $9 if oil goes higher.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday, January 3.

Bullish Calls

Hormel Foods (NYSE:HRL): Cramer likes the stock. He thinks J.M. Smucker (NYSE:SJM) and General Mills (NYSE:GIS) are good too.

Ametek (NYSE:AME): "What I want to tell you is don't sell. Don't sell. I actually had been working on a big piece about it, so it kind of took the thunder out of things, but you've got a winner there."

Applied Materials (NASDAQ:AMAT): The stock sold off because people think demand for flash and DRAMs is going to fall. Cramer thinks otherwise. It's a buy.

Bearish Calls

Nabors Industries (NYSE:NBR): It's the worst of the oil stocks, but its chart is good. It can go up to $9 if oil hits $65.

Southern Company (NYSE:SO): Cramer doesn't like the nuclear power stuff. He recommended American Electric Power (NYSE:AEP) instead.

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