Jim Cramer, portfolio manager of TheStreet’s Action Alerts PLUS and host of CNBC’s ‘Mad Money,’ said shares of Skyworks (SWKS) will go higher, thanks to a buyback and the termination of merger talks with PMC-Sierra (PMCS). He added that Avago Technologies (AVGO) and Apple (AAPL) are a few other stocks that will rise. A viewer asked if the deal between Allergan (AGN) and Pfizer (PFE) will go through, and Cramer responded that it will and that investors should stop selling the stocks and realize that Allergan has growth opportunities and Pfizer may be able to split in two. On another topic, Cramer said Lockheed Martin (LMT) is his favorite defense stock because it has the broadest product portfolio. Cramer was asked for his thoughts on Hewlett Packard Enterprise (HPE) and responded it’s the cheaper of the two HP stocks but that the company should move quickly to make an acquisition. Cramer commented on the retail sector, saying he thinks Costco (COST)will go much higher, and he also likes Home Depot (HD) and Lowe’s (LOW). Send your questions to Jim Cramer on Facebook and on Twitter, @JimCramer, using #Cramer Q.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Video
Bitcoin at $1 Million Is Not Out of the Question, Says James Altucher
Altucher breaks down the math on bitcoin $1,000,000.
Inside the Chinese Messaging App That Takes Privacy a Step Further Than Facebook
Tech titans such as Facebook have been under fire when it comes to privacy issues. Well, this Chinese messaging app is taking it one step further to stand out from the bunch.
Replay: In Search of Market Gold: Cramer on Oil, Slack and Canopy Growth
Jim Cramer weighs in on the surges in gold and oil, Slack's first full day as a public company and Canopy Growth's earnings report.
Why Investors Should Temper Their Enthusiasm in The Markets
Real Money contributor Stephen "Sarge" Guilfoyle breaks down what to watch in the markets right now and why he's tempering his enthusiasm ahead of next week.