Mad Money Lightning Round: Cramer Likes Ligand Pharmaceuticals

On CNBC's Mad Money, Jim Cramer said during the Lightning Round that PriceSmart (NASDAQ: PSMT) is a “good stock, but I'm a believer in Costco (NASDAQ: COST)."

Cramer said that Sprint Nextel's (NYSE: S) “financials are too tough for me. I can't go there with the AT&T (NYSE: T) and T-Mobile still out there."

For Accuride (NYSE: ACW), he said, "Truck parts is a booming business. These stocks have fallen in half. I want you to buy some."

Cramer said that Ligand Pharmaceuticals (NASDAQ: LGND) “hit a 52-week high. I like this speculative biotech stock."

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