Cramer's Advice On Ulta Beauty, Laredo Petroleum And More

On CNBC's "Mad Money Lightning Round," Jim Cramer advised a viewer to buy more Ulta Beauty Inc ULTA. He likes the stock very much.

Cramer doesn't like Laredo Petroleum Inc LPI. He would be a buyer of Devon Energy Corp DVN, Chevron Corporation CVX, Pioneer Natural Resources Co PXD and ConocoPhillips COP.

AbCellera Biologics Inc ABCL is an incredibly speculative name that a lot of people have great hopes for, said Cramer. He is willing to bless the stock because he thinks biologics are the future.

Gilat Satellite Networks Ltd. GILT is so far down that Cramer is willing to give it a shot. He said it's too cheap.