Applied Materials Has Been Overly Punished - Cramer's Lightning Round (5/29/18)

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Includes: ADBE, AMAT, BRK.B, CARA, CLVS, GRPN, PPC, WSO
by: SA Editor Mohit Manghnani

Summary

Watsco is a buy as heating and air conditioning business is good.

Weakness in Berkshire Hathaway is a buying opportunity.

Stay away from commodity food businesses.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Tuesday, May 29.

Bullish Calls

Groupon (NASDAQ:GRPN): It's a good company and the management is doing a great job.

Applied Materials (NASDAQ:AMAT): The stock has been overly punished. It's a buy.

Watsco (NYSE:WSO): Cramer likes the heating and air conditioning business. It's a buy.

Adobe Systems (NASDAQ:ADBE): The company just keeps delivering. It's a buy even at the 52-week high.

Cracker Barrel (NASDAQ:CBRL): They did not have a good quarter but Cramer liked their special dividend. It's okay to buy.

Berkshire Hathaway (NYSE:BRK.B): The stock has been going down after their meeting. This weakness is a chance to buy.

Bearish Calls

Cara Therapeutics (NASDAQ:CARA): The company has been a big disappointment. Cramer wants to see more positive things from them before recommending a buy.

Pilgrim's Pride (NYSE:PPC): Cramer does not like commodity food companies.

Clovis Oncology (NASDAQ:CLVS): It's a speculative biotech that is losing a lot of money. Don't buy.

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