Buy Lockheed Martin On Weakness - Cramer's Lightning Round (6/14/18)

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Includes: CGC, CPB, DOCU, DXCM, EOLS, GWPH, HD, LMT, MAS, MDT, RTN, SKX, STZ, TECK, ZS
by: SA Editor Mohit Manghnani

Summary

DexCom is on fire.

Zscaler is a good security play.

Wait for Skechers USA to deliver a good quarter before buying.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Thursday, June 14.

Bullish Calls

Zscaler (NASDAQ:ZS): This is one of the Cramer's favorite security plays.

DexCom (NASDAQ:DXCM): The stock is on fire, and the company has the best glucose monitor. Medtronic (NYSE:MDT) is another good stock in the group.

GW Pharmaceuticals Plc (NASDAQ:GWPH): "Look, it's been red-hot. Everybody wants a legal pot play. That's one. We've been talking about Canopy (NYSE:CGC). That's another. And let's not forget that Constellation Brands (NYSE:STZ), which is owned by my charitable trust, they have a 20% stake in Canopy. Any one of those, I think, is fine."

Lockheed Martin (NYSE:LMT): The defense stocks are going down as peace prevails. Let them go down by another 5-7 points and one can buy LMT or even Raytheon (NYSE:RTN).

DocuSign (NASDAQ:DOCU): It's at the forefront of the subscription economy.

Teck Resources (NYSE:TECK): The minerals are strong, and there will be strength in Teck Resources.

Bearish Calls

Skechers USA (NYSE:SKX): The company did not deliver in the last quarter, and hence it is in the penalty box. Until it delivers in the next quarter, the stock could remain that way.

Campbell Soup (NYSE:CPB): Cramer did not want to recommend the stock on a takeover basis, and the fundamentals of the company are deteriorating. Don't buy.

Evolus (NASDAQ:EOLS): It's a play on Botox, and the market is crowded. Don't buy.

Masco Corp. (NYSE:MAS): No. Buy Home Depot (NYSE:HD) instead.

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