TheStreet's Jim Cramer discussed several battered biotech stocks Friday while answering viewer questions from social media with TheStreet's Rhonda Schaffler.
A viewer asked about Regeneron Pharmaceuticals (REGN) , particularly that there has been some insider buying recently and the stock is close to a 52-week low. Cramer responded, "Biotech stocks have been under such pressure. I'm not going to say don't buy Regeneron. I like it."
Cramer was asked about Oracle (ORCL) . "I think Oracle is OK, but I like Salesforce.com (CRM) . Salesforce has been winning business and you know what, I'm just feeling very confident about that (company).
A viewer wanted to know if Nestle (NSRGY) is a good long-term hold. "Not if the dollar has peaked, no," said Cramer.
Cramer does like Coca-Cola (KO) , which he believes will move much higher. He also likes Pepsico (PEP) , which is another holding of Action Alerts PLUS. "I like the snack business," said Cramer. "I like the combination of the two."
Cramer said he's also a fan of Dollar Tree (DLTR) . "I am a candy fanatic and they have the best candy aisle, and for any seasonal holiday I will always buy stuff at Dollar Tree."