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Lightning Round: Chesapeake, Corning, J&J and More

Johnson & Johnson : JNJ is a buy, Cramer said. This stock bounced back early after the crash of ’87 and Johnson & Johnson could do it again.

Corning : Cramer said to wait until this $12 stock pulls below $10 before you consider buying.

AK Steel : The steel stocks still have lower to go, Cramer said. Go with Nucor instead because at least it has a dividend.

Chesapeake Energy : A Wall Street Journal story reported that CHK is out of cash, Cramer said, so this stock is a “don’t buy” for now.

Jim's charitable trust owns Johnson & Johnson.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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