Jim Cramer Prefers This Oil Stock Over Occidental Petroleum

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."

Cramer said he prefers Chevron Corporation NYSE:CVX over Occidental Petroleum Corp NYSE:OXY.

When asked about Masimo Corporation NASDAQ:MSI, he said Johnson & Johnson NYSE:JNJ is a safer stock.

The "Mad Money" said he would never recommend Philip Morris International Inc. NYSE:PM because cigarettes kill people.

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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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Photo: Courtesy of Scott Beale on Flickr