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Lightning Round: The only way to buy airlines

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

Broadcom: "You own Broadcom? You just got a takeover bid! Congratulations, let's move on."

Lannett Co: "It's an acquiring pharmaceutical company and those stocks are all being hit right now. I think you need to wait three or four days into the decline, and then I would do some buying because I agree with you. Fast growing and doing the right stuff."

First Republic Bank: "No I am not recommending bank stocks that are up a lot right now because the yield curve is not where you want it to be. You have to wait for after the quarters."

Foot Locker: "This is the kind of stock that I pray for a decline in. Why? Because it hit a all-time high today and it is doing incredibly well. This is the kind of stock when it goes down, I'm going to say to pull the trigger. But it's got to come down first."

Ixys Corp: "You are absolutely right, especially manufactured chips but the chip industry is coming down pretty hard. I like Ambarella but I see that one getting hammered. I would be very careful here, this market does not like the semiconductors."

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Verizon: "Verizon yields 4.75 percent. These stocks that yield 4.75 to 5 percent don't have earnings risk, and they are okay to buy because interest rates are going down. I will bless Verizon if it hits $45."

American Airlines: "I am worried about the airlines, except for Delta and they report in 2 weeks. But I have to tell you that we need to see Delta report and we need to see numbers get cut. Only then can you buy these stocks."

Caterpillar: "Too high. It's still too high. This one's got to go back to its 52-week low. It has to go back to $78 before I want to touch it because it's got 3.75 percent yield and that is just not high enough to be able to save it."

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