'Mad Money' Lightning Round: Costco, Lululemon, Enphase

Jim Cramer’s bullish on Costco, Lululemon Athletica and Enphase Energy, but he's bearish on SunPower.
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Here's what Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Wednesday evening:

Enphase Energy  (ENPH) - Get Report: "I really like that company. SunPower  (SPWR) - Get Report is the one we don't want."

Lululemon Athletica  (LULU) - Get Report: "I think it's done going down. People say it's over but that's when I want to buy. I believe in Costco  (COST) - Get Report as well."

Advanced Micro Devices  (AMD) - Get Report: "You just need to buy this stock."

Abbott Laboratories  (ABT) - Get Report: "I think we're wrong to worry. This one can still go higher."

On Wall Street Wednesday, stocks were broadly higher, with the Dow Jones Industrial Average closing at a record, after Federal Reserve Chairman Jerome Powell reiterated the central bank will continue its support of the U.S. economy.

The Dow finished up 424 points, or 1.35%, to 31,961, and also set an intraday record. The S&P 500 finished up 1.14% and the Nasdaq rose 0.99%.

Bond yields surged after Powell's pledge of continued economic support.

Read the full Mad Money Recap from Monday's show, Back to Basics: Cramer's 'Mad Money' Recap (Wednesday 2/24/21).

Cramer interviewed Hayden Brown, president and CEO of Upwork  (UPWK) - Get Report, an online marketplace of independent workers. He also checked in with one of his favorite SPACS, MP Materials, talking with chairman and CEO, James Litinsky.

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At the time of publication, Cramer's Action Alerts PLUS had a position in COST, ABT.