Jim Cramer Shares His Thoughts On AT&T, New York Community Bancorp And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said AT&T Inc. T is putting in a bottom because people are buying domestic stocks with high yields and good cash flow. Cramer believes AT&T belongs to that group of stocks.

Instead of New York Community Bancorp, Inc. NYCB, Cramer would rather own one of the largest banks. He finds New York Community Bancorp too risky.

Weatherford International plc WFT is way too risky, thinks Cramer. He added that even the best oil service and drilling companies are not doing well, so he isn't willing to buy Weatherford.

Cramer believes Raytheon Company RTN is way overdone to the downside. He explained that the defense stocks are now hated because of peace talks in Korea.