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Cramer's lightning round: Buy Waste Management 'as it goes down'

Key Points
  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

CareTrust REIT: "The health-care REITs are acting so badly that I cannot ... I don't want you to own it. I don't want you to own that one."

Allstate Corp.: "I don't want to own any insurance here. It's just not my cup of tea right now. I think the group acts horribly. We don't really know why. Must have something to do with some financing. I think Allstates' a good company, but I do not want to own an insurer."

IAC/Interactive Corp: "This is a good example of a company where I think if you buy it and you just wait a little while it's going to be fine."

Waste Management: "This stock's been getting killed. It's gotten downgrade after downgrade after downgrade. Down five today. [CEO] Jim Fish does a great job. It's got a ton of cash flow. Yields 2%. ... Buy small and then buy big as it goes down."

Orange SA: "Give me a break. I've got Verizon down here at $50. ... I like Verizon."

Inovio Pharmaceuticals: "It's a real spec ... it's the kind of spec that's working these days, so I"m going to say yes."

Shopify: "Oh, I like Shopify ... because everybody wants to own it. Every major tech company wants to own it. ... I like it right here and then a little bit lower."

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Cramer's lightning round: Buy Waste Management 'as it goes down'

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