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Here's what Jim Cramer had to say about some of the stocks during the Mad Money Lightning Round:

Shopify (SHOP) - Get Free Report : "This has been a hot stock but it's up too much, too fast. You need to wait for 10 points down."

Kinder Morgan (KMI) - Get Free Report : "That's one of the worst stocks to own in this environment."

Thermo Fisher Scientific (TMO) - Get Free Report : "I think this one is ideal. The quarter was monster. Don't buy it all at once though."

Radius Health (RDUS) - Get Free Report : "That's the exact wrong stock to own in this environment. We have Eli Lilly (LLY) - Get Free Report , Merck (MRK) - Get Free Report and Pfizer (PFE) - Get Free Report , let's stick with those. "

Halozyme Therapeutics (HALO) - Get Free Report : "I want to sell this one and go with General Dynamics (GD) - Get Free Report ."

Cramer and the AAP team say this is exactly the kind of volatility they added a blanket of protection for when they raised cash on Tuesday. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.

Over on Real Money, Cramer says isn't the end of the world. But it is time for investors to recognize peril, not just profits. Get more of his insights with a free trial subscription to Real Money.

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

To read a full recap of this episode of "Mad Money," click here.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

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