Cramer Says This Company Is In A 'Business That Is In A Serious Recession Right Now'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Lamar Advertising Co LAMR is in a "business that is in a serious recession right now. So, I am going to have to say no to that."

When asked about Costamare Inc CMRE, Cramer said he doesn’t like the container ship business. "The rates are falling. I’m not going to say, buy that,” he added.

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The "Mad Money" host said Taiwan Semiconductor Manufacturing Co Ltd TSM is a very, very good company. "You just let that one run," he added.

When asked about Torm PLC TRMD, he said, "People love the tankers because they look so compelling. That one’s moved. The train has left."

Cramer said he is "betting with, not against, Splunk Inc SPLK."

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