Ulta Beauty Is Getting Promotional - Cramer's Lightning Round (1/24/18)

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Includes: AMD, D, FHN, FRC, LRCX, LYG, MU, NVDA, SAN, ULTA, USCR
by: SA Editor Mohit Manghnani
Summary

Buy Dominion for 4.4% yield.

US Concrete will go up as states fund businesses.

Cramer prefers Banco Santander over Lloyds Banking Group.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Wednesday, January 24.

Bullish Calls

Dominion Energy (NYSE:D): Buy it as the stock yields 4.4% and it's a well-run company.

US Concrete (NASDAQ:USCR): As states start to fund more businesses, this stock will go up.

First Republic Bank (NYSE:FRC): It's a good stock. Cramer likes First Horizon (NYSE:FHN) too.

Advanced Micro Devices (NASDAQ:AMD): It's an inexpensive stock but it's not Nvidia (NASDAQ:NVDA).

Bearish Calls

Ulta Beauty (NASDAQ:ULTA): There is a lot of price cutting and promotions at a time when many retailers are non-promotional. It's not a good sign.

Micron Technology (NASDAQ:MU): Cramer has not liked the stock of late. He wants to wait for Lam Research's (NASDAQ:LRCX) conference call to see whether supply-demand has tipped.

Lloyds Banking Group (NYSE:LYG): No. Banco Santander (NYSE:SAN) is the one to buy for a play on European banks.

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