On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Howmet Aerospace Inc. (NYSE:HWM) and recommended buying the same. “It’s come down a great deal, and the numbers continue to be good,” he added.

Supporting his choice, Howmet Aerospace reported better-than-expected third-quarter financial results on Oct. 29 and raised its FY26 guidance above estimates.

When asked about Johnson & Johnson (NYSE:JNJ), he said, “I see many more good things on the horizon, including when they get rid of the commodity-based synthetic joint stuff that I don’t want to own because I think it’s too low a multiple. Orthopedics, goodbye; J&J, hello. Own the stock.”

Johnson & Johnson is scheduled to hold an Enterprise Business Review for the investment community on Tuesday, Dec. 8.

Cramer said that although Western Digital Corporation (NASDAQ:WDC) is a good company, but Micron Technology, Inc. (NASDAQ:MU) is a better company.

On the earnings front, Western Digital posted its first-quarter fiscal 2027 results on Oct. 22, beating Street estimates on the top and bottom lines.

“I think that that’s the kind of company that if you see Nvidia (NASDAQ:NVDA) going down like this, I can only tell you Nebius should be going down twice as fast. We have high-quality tech stocks that go down every single day, and Nebius is not high quality," Cramer said when asked about Nebius Group N.V. (NASDAQ:NBIS).

Nebius said it will release its third-quarter financial results before the opening bell on Thursday, Nov. 12.

When asked about KLA Corporation (NASDAQ:KLAC), Cramer said Lam Research (NASDAQ:LRCX) is now his favorite. "That’s at 23 times earnings. I am not going to stick my head in that lion’s den. These stocks are in free fall. We don’t buy free fall," he added.

On the earnings front, KLA reported better-than-expected first-quarter results on Oct. 28 and issued second-quarter sales guidance with its midpoint above estimates.

Price Action

• Johnson & Johnson shares fell 1% to settle at $270.56 on Monday.
• Nebius shares dipped 8.3% to close at $141.39.
• KLA shares declined 3% to settle at $153.11.
• Howmet Aerospace shares gained 6.9% to close at $212.99.
• Western Digital shares dipped 7.5% to settle at $338.59 on Monday.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.