Jim Cramer Advises His Viewers On Johnson & Johnson, Nokia And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said Magellan Midstream Partners, L.P. MMP is too cheap. He is a buyer of the stock at its current price level.

Cramer would start building a long position in Johnson & Johnson JNJ, but he would do it slowly on its way down and in pyramid fashion.

Steelcase Inc. SCS has no edge, thinks Cramer. He would rather buy Herman Miller, Inc. MLHR.

Cramer thinks that Alibaba Group Holding Ltd BABA is a great company and he would buy the stock. He added that it may decline $10, because of the current market behavior.

Nokia Oyj (ADR) NOK is an interesting speculation, believes Cramer. He wouldn't sell the stock any more.

Cramer would wait for Micron Technology, Inc. MU to drop to $45 and then he would buy the stock.