Cramer's lightning round: Unfortunately, now is the time to own defense stocks
It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on guests' favorite stocks at rapid speed.
Raytheon Company RTN : "I think Raytheon – the charitable trust owns it – [is], unfortunately, one of the best names because everybody needs missiles. That's just unfortunate, but that's the world we're in and that's what Raytheon has. And I think the defense stock[s], after a sell-off, [are] the right place to be, and Raytheon's the best in show."
BoFI Holding, Inc. BOFI : "Oh, jeez. I would just hold that. It's had a pretty big run and you know I do like the majors more than that."
Melco Resorts & Entertainment Ltd MPEL : "No, no. Come on. We like MGM [Resorts] . We want a little bit less beta, so to speak."
Verizon Communications Inc. VZ : "You could hold it. It's at $47 bucks. I think it should go up to $50, $51. The stock's been under a little bit of pressure here because rates went a little higher. I like it."
Chipotle Mexican Grill, Inc. CMG : "I think [the uptick] is for real because I really like this guy [CEO] Brian Niccol. He's very polished. Look, he's out of the Taco Bell world, but you know what? That's exactly what they need. They need discipline. He had a good conference call."
Oracle Corporation : "I think Oracle's fine, they've got a good buyback, but I still favor Salesforce . I like cloud kings and Oracle is not a cloud king, even as I think they think they are."
PayPal Holdings Inc : "I think PayPal's one of the best in show. I had [CEO] Dan Schulman in for a teach-in this Saturday. I've got to tell you, the things he said were just incredible. I would look at the video . I think PayPal goes much, much higher."
Tallgrass Energy Partners LP : "You know that we've seen a lot of distributions cut in the last few weeks and I fear Tallgrass because of that. I know it doesn't look like we should worry about it, but that group has become torture, so that's a house of pain. I'm not going there."
Mallinckrodt PLC : "Nope. Nope. I know they had a better than expected quarter, but I've got to tell you something: I am as worried about Acthar sales as everybody else and I've been staying away from that one for 30 points. I'm not getting near it now."
Roku Inc. : "I have to tell you, I thought that Roku had a very good quarter. The numbers were amazing. But I do know that Amazon is coming in, which is why I am concerned and why the stock went up and then came back down even though the numbers looked really good."
Scotts Miracle-Gro Co : "Well, you know, this is Scotts' weekend. Let's give them that. The stock was up a lot more at one point. But a lot of the problem is cannabis. People look at it as a cannabis play and it really, in the end, is a garden play and the weather's been really bad for them. But I say hold here, not sell."
McDonald's Corporation : "I think McDonald's is fabulous. I think [CEO] Steve Easterbrook's got them doing cartwheels. It's fantastic, the franchisees love it and, most importantly, they are about to have two lines. I think McDonald's is a screaming buy."
Watch the full lightning round here:
Disclosure: Cramer's charitable trust owns shares of Raytheon, PayPal and Amazon.
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