Jim Cramer said on CNBC's "Mad Money" that Tallgrass Energy Partners LP TEP is trading lower with the rest of energy names. He added that it has a great dividend yield, but it hasn't been a good protection.
Cramer isn't a big fan of Royal Dutch Shell plc (ADR) (NYSE: RDS-A). He thinks that crude oil is going to trade between $38 and $42.
Mitek Systems, Inc. MITK had a strong move higher and it's now too hot to buy, thinks Cramer. He doesn't recommend stocks based only on a takeover possibility. He thinks that Mitek Systems is an interesting speculative stock.
Alibaba Group Holding Ltd BABA has great fundamentals and Cramer wants to buy the stock.
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