Cramer Weighs In On XPO Logistics, Qualcomm And More

On CNBC's "Mad Money Lightning Round," Jim Cramer said XPO Logistics Inc XPO is an excellent company and it will be worth even more after the spin-off. He would be a buyer.

Magna International Inc. MGA is going to be a winner, said Cramer. He loves the company.

Loandepot Inc LDI is okay, but the problem is that this is a very commoditized business, said Cramer. He advised a viewer to buy a dividend stock or a more consistent player in the space.

Torchlight Energy Resources Inc TRCH is a meme stock that managed to raise money, said Cramer. He is a believer in meme stocks that have raised money.

Cramer likes QUALCOMM, Inc. QCOM a lot and he thinks it is a buy here.