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Cramer's lightning round: Why I'm still backing TJX Companies

  • It's that time again! "Mad Money" host Jim Cramer rang the lightning round bell, which means he gave his take on callers' favorite stocks at rapid speed.

TJX Companies Inc.: "TJX, the largest position in my charitable trust, and it's been hurting. Why? Because it's caught up with all these ETFs on retail. Chart's awful. I think the business is good. I am going to say wait until it goes back to $68 and then pull the trigger."

HSBC Holdings PLC.: "No. No. No. Too complicated, too difficult, too hard to understand. When we've got the likes of JPMorgan and [CEO] Jamie Dimon or [Citigroup CEO] Michael Corbat at Citi, which my charitable trust owns, that's where we're going."

Genworth Financial Inc.: "We're going to stay away. We're going to stay away because there are balance sheet issues. Me no like balance sheet issues."

Quantenna Communications Inc.: "We looked at these guys. We looked and we looked and we passed. There's too many other guys in that segment. And we've got Broadcom, which pre-announced a better-than-expected quarter and still went down today until Apple reported a good number. I think it was heresy that the stock was down."

Metlife Inc.: "Metlife's incredibly well-run, but it did hit a 52-week high today. I would prefer a little bit of pullback. [I] do like Chubb more than that, but it's a good company."

Cognizant Technology Solutions Corp.: "Look, I think it's a terrific story. The information technology stories that we like? That's a good one, you know we like Accenture very much, and the one that I tell club members is worth buying is a company called DXC [Technology], which was down 81 cents today. I'd pick that one up even more than [Cognizant]."

Exact Sciences: "Everybody knows the same thing, which is the sales are unbelievable for the colorectal product and I think that it's a good company and I think that the product itself is saving a lot of peoples' lives. So I've got two thumbs up for that one."

Stericycle Inc.: "Nope, nope, nope. I went over this one with my old friend Herb Greenberg a long time ago, and it just, to me, does too many acquisitions. Not working. It's not my style. UNH if you want to be in that segment."

Watch the full lightning round here:

Disclosure: Cramer's charitable trust owns shares of Citigroup, Apple and DXC Technology.

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