Lightning Round: Sears, AK Steel, Linn Energy and More

Level 3 Communications : Level 3 has “one of the worst balance sheets in the industry,” Cramer said. While he thinks this stock could pay off as a speculative play in the longer term, he can’t get behind LVLT right now.

LSI : “Incredibly cheap stock,” Cramer said. All LSI needs is a catalyst to make it buy worthy. Unfortunately, he can’t find one, so this stock is a “don’t buy.”

Cubic : Cramer is bullish on CUB, a play on both infrastructure and defense.

Sears Holdings : While the short-term outlook for Sears may be tough, Cramer likes the stock for the long term.

AK Steel : The only steel company that Cramer will recommend right now is Nucor .

Linn Energy : Buy Linn, Cramer said, a great oil-and-gas play with a safe dividend.

Call Cramer: 1-800-743-CNBC

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