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Lightning Round: Loews, Palm, Travelers and More

Loews : Loews is a buy, Cramer said.

Sprint Nextel : Sprint works as a speculation play only, Cramer said. But he does like Verizon Communications and AT&T as longer-term investments.

Palm : Cramer admitted he’s been wrong about Palm before, so he took a pass on this stock.

Wisconsin Energy : Go with Dominion Resources or Con Ed for their dividends instead.

Hologic : Cramer won’t recommend HOLX right now. He needs to see better company performance before he’ll endorse the stock.

Principal Financial Group : Travelers is a better pick, Cramer said.

Nokia : Cramer likes Qualcomm more than Nokia.

Cramer's charitable trust owns Qualcomm.

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