Lightning Round: J&J, News Corp., Bank of America and More

Johnson & Johnson : Cramer is bullish on Johnson & Johnson, but he likes Bristol-Myers Squibb even more.

Tenneco : Sell TEN, Cramer said. He thinks the money has already been made in this stock.

Archer Daniels Midland : Take profits on ADM, Cramer said. Go with Bunge instead.

News Corp. : “I don’t like media companies,” Cramer said. Stay away from NWS.

Allegheny Tech : Cramer can’t get behind ATI right now. Don’t buy, he said.

Harman International Industries : HAR has had a good run, Cramer said, so take profits. He recommended that investors buy the stock back when it hits $20.

Bank of America : Bank of America is a buy, Cramer said. He suggested building a position, one piece at a time, as the share price drops.

Cramer's charitable trust owns Bank of America and Bristol-Myers Squibb.

Call Cramer: 1-800-743-CNBC

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