Jim Cramer, portfolio manager of TheStreet’s Action Alerts PLUS and host of CNBC’s ‘Mad Money,’ said shares of Skyworks (SWKS) will go higher, thanks to a buyback and the termination of merger talks with PMC-Sierra (PMCS). He added that Avago Technologies (AVGO) and Apple (AAPL) are a few other stocks that will rise. A viewer asked if the deal between Allergan (AGN) and Pfizer (PFE) will go through, and Cramer responded that it will and that investors should stop selling the stocks and realize that Allergan has growth opportunities and Pfizer may be able to split in two. On another topic, Cramer said Lockheed Martin (LMT) is his favorite defense stock because it has the broadest product portfolio. Cramer was asked for his thoughts on Hewlett Packard Enterprise (HPE) and responded it’s the cheaper of the two HP stocks but that the company should move quickly to make an acquisition. Cramer commented on the retail sector, saying he thinks Costco (COST)will go much higher, and he also likes Home Depot (HD) and Lowe’s (LOW). Send your questions to Jim Cramer on Facebook and on Twitter, @JimCramer, using #Cramer Q.
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