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Lightning Round: Johnson & Johnson, NovaGold Resources, Freeport-McMoRan and More

Johnson & Johnson : Cramer doesn't care for management because of product recalls. However, he said the 3.5 percent yield is good and thinks the company has good drugs in the pipeline. Therefore, he thinks it's fine in this environment.

Lululemom Athletica : The only athletic apparel maker the "Mad Money" host is going for in this tough market is Nike because it boosted its dividend and its business is solid.

NovaGold Resources : If you believe in gold in the long term, Cramer will "bless" NovaGold provided you are using your "mad money" and not your pension, IRA or 401k.

Sara Lee : Cramer prefers General Mills or Unilever .

Titan International : This market has gotten too difficult for autos, Cramer said. He wants to see the European situation calm down before addressing this sector.

Micron Technology : Cramer prefers Intel , which has a terrific yield.

Lender Processing Services : The mortgage business is the wrong business to invest in, Cramer said. Sell, sell, sell.

Freeport-McMoRan : This name is the best in copper mining, Cramer said, but if there is a slowdown in Europe he thinks it could hit $34-$35. He would buy some here but leave some room.

Call Cramer: 1-800-743-CNBC

When this story was published, Cramer's charitable trust owned Unilever and Freeport McMoRan.

Questions for Cramer? madmoney@cnbc.com

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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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