Jim Cramer Gives His Opinion On Ciena, Momo, Qualcomm And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said he would do a little trimming in QUALCOMM, Inc. QCOM as it rallies. He added that the company has money to support the 4 percent dividend yield and it can't lose the lawsuit to Apple Inc. AAPL, but he doesn't want to be in the name because it is in cellphone hell, which he sees as a house of pain.

Cramer doesn't want to buy Momo Inc MOMO because he doesn't want to own Chinese stocks in the middle of the trade war.

Ciena Corporation CIEN had a monster good quarter, said Cramer. He is a buyer of the stock.

AbbVie Inc ABBV has to find a partner because it has too much money in one drug, said Cramer.

Telefonaktiebolaget LM Ericsson ERIC should be the beneficiary of Chinese turmoil, but Cramer doesn't think it's a good company right now.