Lightning Round: KLA-Tencor, Abbott Laboratories, Transocean and More

KLA-Tencor : Cramer is bullish on this semiconductor's stock, but wouldn't buy shares until it drops to the $45 level.

Abbott Laboratories : The "Mad Money" host thinks this drug manufacturer's stock could soon go to $60 a share.

Transocean : This oil and gas drilling company's stock has had a big run, Cramer said. He doesn't care for it, though, and recommends selling shares.

Microsoft : Cramer thinks this stock is cheap. He's a buyer.

Kinder Morgan Energy : Cramer's charitable trust had owned this stock, but decided to sell shares and roll into Energy Transfer Partners instead.

Map Pharmaceuticals : Before he can make a call on MAPP, Cramer would like to do some research. He plans to address it on a future broadcast.

Sprint Nextel : Cramer noted this stock is turning around, but stopped short of calling it a buy.

Spectra Energy : Although this stock is trading at its 52-week high, Cramer still likes it because it has strong management and growth potential.

When this story was published, Cramer's charitable trust owned Abbott Laboratories.

Call Cramer: 1-800-743-CNBC

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