On CNBC’s "Mad Money Lightning Round," Jim Cramer said Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) is a total spec.
When asked about Verizon Communications Inc. (NYSE:VZ), Cramer said, "I’ve been recommending the oils, not the telecoms."
The "Mad Money" said he would never recommend Philip Morris International Inc. (NYSE:PM) because cigarettes kill people.
When asked about Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), Cramer said he does not want to own a semiconductor capital equipment stock right now. However, he would buy Lam Research Corporation (NASDAQ:LRCX), in case he owns the semiconductor stock.
Cramer said Monolithic Power Systems, Inc. (NASDAQ:MPWR) sells at 40 times earnings. “I’m not recommending stocks unless they have a reasonable multiple,” he added.
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