Mad Money Lightning Round: Cramer Likes NKE (ARMH, CRUS, SNDK, CREE, SWKS, TEL, SAY, CTSH, TNH, POT, APC, SKX, NKE, DSW)
ARM Holdings plc (ADR) (NASDAQ: ARMH) is an Apple (NYSE: AAPL) play, said Jim Cramer on CNBC's Mad Money Lightning Round. He added that he likes all the Apple (AAPL) plays. Cramer thinks that ARM Holdings (ARMH) is a buy, and he also likes Cirrus Logic, Inc. (NASDAQ: CRUS). SanDisk Corporation (NASDAQ: SNDK) is also a buy at $42, just like Cree, Inc. (NASDAQ: CREE) at $60, and Skyworks Solutions, Inc. (NASDAQ: SWKS) at its current price.
Tyco Electronics Ltd. (NYSE: TEL) is not attractive enough for Cramer to recommend it as a buy. Tyco Electronics Ltd. (TEL) added 0.22% today, and closed at $26.81.
Cramer doesn't like Satyam Computer Services Limited(ADR) (NYSE: SAY), and he wants to buy Cognizant Technology Solutions Corp. (NASDAQ: CTSH) instead. Satyam (SAY) fell 0.21% today, while Cognizant Technology (CTSH) added 0.20%.
Terra Nitrogen Company, L.P. (NYSE: TNH) jumped on the Potash (NYSE: POT) bid, and Cramer thinks that it is time to take some of the table. Terra Nitrogen Company, L.P. (TNH) gained 1.73% today.
Cramer thinks that investors should stay away from Anadarko Petroleum Corporation (NYSE: APC), until its role in the Gulf of Mexico spill becomes explained. Anadarko Petroleum Corporation (APC) fell 1.58% today.
Skechers USA, Inc. (NYSE: SKX) is a buy here, and so is NIKE, Inc. (NYSE: NKE), thinks Cramer. He also likes DSW Inc. (NYSE: DSW) in the space.
