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Jim Cramer Says Palo Alto Networks Is the Best Security Play

TheStreet’s Jim Cramer says Palo Alto Networks is the best way to play the security market.
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TheStreet’s Jim Cramer says Palo Alto Networks (PANW) is the best way to play the security market. Cramer made the comment while answering a viewer’s question about FireEye (FEYE). Cramer said the group has been in a ‘one way bear market’ at the moment, but the name to be in is Palo Alto. Bear market sentiment is too blame for other stocks that are under pressure, like Fitbit (FIT) and Boeing(BA), according to Cramer. On Boeing, Cramer pointed out that the company isn’t as adversely affected by the strong dollar as some investors believe. Cramer also noted that telecom stocks are a safe bet in this ‘crazed’ market. A viewer asked Cramer if AT&T’s (T) dividend was safe and he responded that it is, as is Verizon’s (VZ) dividend. Cramer was also asked about several healthcare and biotech stocks. Cramer said he’s very positive on Allergan(AGN), which Action Alerts PLUS owns, and he likes Pfizer’s(PFE) yield. He also said that he prefers Celgene (CELG) over Gilead (GILD). Cramer talked about a few financial companies, including Leucadia National (LUK) and Royal Bank of Canada (RY) and discussed stocks including Wayfair (W), Spectra Energy (SE), and Royal Caribbean (RCL). Cramer is portfolio manager of Action Alerts PLUS and host of CNBC’s ‘Mad Money.’ He answers viewers’ questions from Facebook and Twitter each day. Use hashtag Cramer Q.

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