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Lightning Round: Tibco Software, Sonic Automotive, Krispy Kreme and More

MarkWest Energy Partners : Cramer is bullish on this oil and gas drilling and exploration company because it largely conducts operations in the oil-rich Marcellus shale.

Tibco Software : Being as summer is typically a slow time for technology companies, Cramer doesn't like to recommend any tech names until late-August. Tibco, along with Salesforce.com , Red Hat and VMWare are the best plays on cloud computing , though. In the end, he'd wait for a better time to get in.

Sonic Automotive : This automotive retailer is a great buy, Cramer said. He likes the auto dealership space right now.

Krispy Kreme Doughnuts : Before Cramer makes his call on KKD, he wants to compare it to Dunkin Donuts after it becomes public.

Orbitz Worldwide : When it comes to online travel companies, Cramer prefers Travelzoo .

Telefonica : Doing business in Spain is "too dicey" right now, Cramer said. So instead of investing in this Madrid, Spain-based company, he would look to Vodafone if he had to play a European telecom.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

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