Mad Money Lightning Round: Cramer Likes ARM Holdings

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Anadarko Petroleum (NYSE: APC) has “one of the best independent oil and gas companies in the world. I want to buy it on this dip."

Cramer said that he wants to “stick with ARM Holdings (NASDAQ: ARMH).” He added, “When you're in the Apple (NASDAQ: AAPL) ecosystem, things are good for you."

He dislikes Dryships (NASDAQ: DRYS). He added, “I hate that business. If you want a shipper, I'll give you Nordic American Tanker (NYSE: NAT)."

Cramer said that he would “trim Linn Energy (NASDAQ: LINE) back, then wait until it yield 8%, then you buy it back."

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