On CNBC's "Mad Money Lightning Round," Jim Cramer said Kohl's Corporation (NYSE: KSS) is a heavily shorted stock, but that doesn't make a lot of sense. He knows the quarter won't be great, but he wants to buy the stock.
Exxon Mobil Corporation (NYSE: XOM) is no longer Cramer's favorite, but he thinks you're not going to get hurt buying the stock as it has a 4-percent dividend yield. He prefers Chevron Corporation (NYSE: CVX).
Delta Air Lines, Inc. (NYSE: DAL) is a very cheap stock at eight times earnings, said Cramer.
Cramer is concerned about Allergan plc's (NYSE: AGN) business. He needs to see some earnings momentum and the approval of the drug against the migraines.
Cramer is not willing to endorse Arrowhead Pharmaceuticals Inc (NASDAQ: ARWR) for anything other than speculation.
The shorts who have been going against Wayfair Inc (NYSE: W) forever have been dead wrong, said Cramer. He added that the stock is expensive, but he is not willing to go against it.
Varonis Systems Inc (NASDAQ: VRNS) is data management security stock, explained Cramer. He is willing to recommend pretty much every cybersecurity stock, but his favorite is Palo Alto Networks Inc (NYSE: PANW).
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