Cramer's Lightning Round: I Like Lam Research Over Taiwan Semiconductor

Source: CNBC
  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Verizon Communications Inc: "I've been recommending the oils, not the telecoms."

Occidental Petroleum Corp: "I would prefer to see you in Chevron."

Masimo Corp: "Johnson & Johnson ... that's a safer stock."

Taiwan Semiconductor Manufacturing Co Ltd: "I do not want to own a semiconductor capital equipment stock at this moment. ... But if I did, I would own Lam Research."

Intercept Pharmaceuticals Inc: "Total spec. That's all that is."

Philip Morris International Inc: "You'll never hear me recommend it, because I think cigarettes kill people."

Monolithic Power Systems Inc: "It sells at 40 times earnings, and you know I'm not recommending stocks unless they have a reasonable multiple."

Disclosure: Cramer's Charitable Trust owns shares of Chevron.

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