It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:
Neurocrine Biosciences: "This is one of those stocks that were just like the ones that got bids today. And if you own a stock just for takeover, you could get hurt. Let's be cool, this thing has gotten too hot."
Cummins: "Cummins rallied today as part of a big money in situation on the belief that China will cut rates fast enough. I think it's got another point or two and then I think you're going to have to trade the stock because it's not right now a great investment."
Progenics Pharmaceuticals: "I've got to do work on Progenics. That one is a little too confusing for me. Let me come back."
Fiat Chrysler Automobiles: "I like Fiat Chrysler. I think that's a really good situation. My charitable trust owns GM, and I like GM for the longer term and I like it for the buyback and the dividend."
Transalta Corporation: "I think it's a decent utility, but I'm always going to come back to the ones that I think are safe. I like Dominion and I like Con Ed, I also like AEP. I have to have safety, I don't like to reach for yield."
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Western Digital Corporation: "Western Digital is way too linked to PCs. If that rallies I think you need to lighten up. I'm going to include Intel, and I think they're going to flip up and go back down."
Alcoa Inc: "They're doing everything right. Will this be the breakout quarter? No, I don't think so until the company closes on its acquisition. But I do believe the risk reward is very good down here."
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