Market Overview

Mad Money Lightning Round: Cramer Advises Investors To Buy Illumina

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Hudson City Bancorp (NASDAQ: HCBK) "turned out to be far more controversial than I realized ... If you want a good regional, I suggest First Niagara Financial (NASDAQ: FNFG)."

For Transocean (NYSE: RIG), he said, "I like it, a little controversial. I do like it but I would prefer the one we do own in the charitable trust, which is Ensco (NYSE: ESV)."

Cramer said that Illumina (NASDAQ: ILMN) is in the “sweet spot. It's a total buy."

For Best Buy (NYSE: BBY), Jim said, "It's a no-go ... I'd rather see you in Amazon.com (NASDAQ: AMZN). If the Fed moves, I see Amazon going to $240."

Jim believes that Hershey (NYSE: HSY) can “go higher, the company has really decided to focus on pure profitability."

For Natural Resource Partners (NYSE: NRP), Jim said, "A very good coal play, and I happen to like coal very much ... Still want you to wait for a pullback."

Cramer advises investors to sell Regions Financial (NYSE: RF). He added, “I don't like Regions' management."

For Qualcomm (NASDAQ: QCOM), Jim said, "I don't like tech but if I had to buy a tech company, it would most likely be Qualcomm."

For Hercules Technology (NASDAQ: HTGC), he said, "I haven't done the work on this one. Have to take a pass."

Read more on Jim's Views On Benzinga

Posted-In: Jim Cramer mad money Lightning RoundCNBC Jim Cramer Pre-Market Outlook Markets Media Trading Ideas

 

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