Lightning Round: Alcatel-Lucent, Cummins and More

Alcatel-Lucent: "Run, don't walk out of that stock," Cramer said. "It is just a wasting asset. It's been one of the worst stocks I've ever seen and there's no reason to believe it will ever turn."

Cramer recommends Broadcom instead.

Cummins : One of Cramer's favorite stocks, Cummins reported a "beautiful" quarter. But he warned viewers not to be greedy and recommends taking some off the table.

NetApp : Cramer said this is "one of the hottest stocks there is." Technology stocks tend to do poorly during the summer, he said, but this stock has been outperforming.

When this story published, Cramer's charitable trust owned Cummins.

Call Cramer: 1-800-743-CNBC

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