Lightning Round: AT&T, InterDigital, Chevron and More

AT&T : It doesn't matter whether or not the U.S. government approves AT&T's proposed merger with Deutsche Telekom's T-Mobile USA, Cramer said. If the deal goes through, it will be "fantastic" for AT&T's gross margins, but if it's not approved, the company saves a lot of money. Either way, Cramer is bullish on T.

InterDigital : This wireless communications company's stock had worked for a trade, but Cramer is no longer behind it.

Chevron : Cramer is bullish on this oil and gas company because it expects production growth going forward.

Molycorp : The "Mad Money" host doesn't like rare earth stocks right now.

Freeport-McMoRan : This Phoenix-based mining company has "genuine earnings power," Cramer said. He thinks there could soon be increased demand for copper.

Piedmont Office Realty Trust : When it comes to real estate investment trusts, Cramer prefers Annaly Capital Management.

Cisco Systems : After watching a recent interview with CEO John Chambers, Cramer thinks this stock could go higher.

Manitowoc : "I screwed up on that one," Cramer said of his recent recommendation of MTW based on the reconstruction of Japan. "The orders did not come through and Europe slowed down dramatically."

That said, Cramer thinks MTW could go higher.

When this story was published, Cramer's charitable trust owned AT&T and Freeport-McMoRan.

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