On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Applied Materials, Inc. (NASDAQ:AMAT). "I think that the company is doing well. I think that the government is not crazy about their posture, because they do so much business in China," he added.
When asked about Aflac Incorporated (NYSE:AFL), he said, "It's not my fave, not my fave. I do like Chubb Ltd (NYSE:CB) in the insurance business. But that's really about it."
"We're going to steer clear of Albemarle (NYSE:ALB)," Cramer said.
When asked about Elevance Health, Inc. (NYSE:ELV), he said, "UnitedHealth Group Inc (NYSE:UNH) is still the cream of the crop."
Snap (NYSE:SNAP) is "really not, it's not investable," he said. "They seem like an irrelevant company."
The "Mad Money" host said Main Street Capital Corporation (NYSE:MAIN) is a "business development company. I have never trusted business development companies,"
Cramer said Alibaba Group Holding Limited (NYSE:ABBA) is an "incredibly cheap stock, alright. They're going to report a great number, and then there's always going to be something that people don't like, and then they sell it down."
Price Action:
- Aflac shares fell 0.1% to settle at $101.19 on Monday.
- Elevance Health shares fell 1.2% to close at $525.85.
- Albemarle shares fell 6.9% to close at $76.00.
- Snap shares fell 0.3% to close at $9.02.
- Applied Materials shares gained 1% to settle at $193.09 on Monday.
- Main Street Capital shares fell 0.5% to close at $48.35 on Monday.
- Alibaba shares gained 1.2% to close at $80.91.
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