Lightning Round: Celgene, Apple, Chevron and More

Celgene : Cramer recommended holders of CELG take profits on half their position. The stock’s had a good run, and “I need to see more drugs than Revlimid,” he said.

Apple : Wait for an eight- to 10-point pullback, Cramer said, before buying Apple. But when the iPhone’s dominating the smartphone market a year form now, this will be a hot stock.

Hansen Natural : Sell, sell, sell.

Lululemon : “The stock is overvalued.” LULU’s a sell.

Agnico-Eagle Mining : AEM and Yamana should grow regardless of the price of gold. But Cramer said he thinks gold’s going to $1,600 anyway.

Titanium Metals : Of all the titanium companies out there, this is the weakest, Cramer said.

CapitalSource : “I don’t have any conviction” in this sector, Cramer said.

Washington Mutual : A “great deposit base” but the “worst management in the industry,” Cramer said. Go with JPMorgan Chase or Goldman Sachs instead.

Chevron : “Too cheap.” Cramer said he likes CVX, and ConocoPhillips and BP .

Jim's charitable trust owns ConocoPhillips, Goldman Sachs and Yamana Gold.

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