Cramer's lightning round: Qualcomm needs to resolve its slew of issues
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed.
Qualcomm QCOM : "I'm not there. I don't really like it right now. I need some of these things to be resolved. I need that NXPI deal to be resolved. Let's just say until that is, I am not a fan."
Worthington Industries WOR : "Worthington Industries is in the metals business. When we talk about metals on this show, we talk Nucor . My charitable trust owns it. That's what you want to buy."
Dropbox DBX : "There are two IPOs, although one really doesn't count as an IPO: Spotify , which I really like, and Dropbox. And [Dropbox CEO] Drew Houston, you know where to go when you want to report. You're going to come on our show when we're in California. Of course you are."
Myriad Genetics MYGN : "This company's been kicking around for a while. It's an early-stage company that sells at 25 times earnings. Good spec. Chart's bad."
Skechers SKX : "I think Skechers is doing well. I happened to particularly like that Tony Romo ad. I'm not kidding. I think it's really good. Skechers is doing fine. I think that the boys who run that company have done a good job. They've weathered a lot."
Kratos Defense & Security Solutions : "Now, Kratos has been in a crossfire. There's longs and shorts. We recommended it lower. It's a battleground stock. I don't want to be in a battleground. Sell."
YY Inc. : "We've got a trading problem. You know what that means? That means sell, sell, sell."
Enterprise Products Partners : "EPD is good. Now, remember, we had [CEO Mike] Mears on recently from Magellan , which I did not do a good job on for my charitable trust. Not at all. Jeez, that was a real bad call by me. But EPD is in the same biz and I think it's good and I think you ought to hold onto it."
American Water Works Company : "Always liked it. Good growth. Consistent company. Nothing the matter with that. I'd say it's a buy. It's been a buy since we started the show."
Watch the full lightning round here:
Disclosure: Cramer's charitable trust owns shares of Nucor.
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