Lightning Round: Terra Nitrogen, Skechers USA, ARM Holdings and More

ARM Holdings : Cramer is bullish on ARM for its exposure to Apple . He likes Cirrus Logic , Cree , Skyworks Solutions and SanDisk in the tech space as well.

Tyco Electronics : Don’t buy TEL, as Cramer sees no strong reasons for owning this stock. “The yield’s not high enough,” he said, “the earnings aren’t that powerful. Let’s come up with something better together.”

Satyam Computer : “CTSH is the way to go,” Cramer said, recommending Cognizant Technology Solutions instead.

Terra Nitrogen : Cramer urged viewers to take some profits in TNH, saying he doubted this company would get a takeover bid like Potash did. Investors who want a sizable dividend yield should consider Kinder Morgan Energy Partners .

Anadarko Petroleum : Don’t buy, Cramer said. He can’t recommend the stock until management appears on Mad Money to explain its exposure to BP’s Gulf of Mexico spill.

Skechers USA : SKX is a buy, Cramer said. He expects the stock to rebound because Skechers has “too much cash and too much momentum.”

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

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