Cramer Sees Opportunity in Undervalued Stocks Amid Market Volatility

CNN's Mad Money host Jim Cramer recently participated in his lightning round segment, where he quickly shared his thoughts on several stocks. During this session, he discussed Teradyne Inc (Teradyne), Boeing Co (Boeing), Applied Aerospace & Defense, and Energy Transfer LP.

Cramer expressed confidence in Teradyne's performance, stating that it 'has cooled off' and possesses a strong business with 'an unassailable business, not a monopoly, but close to it.' This comment suggests that Cramer views Teradyne as an attractive investment opportunity due to its stable financials.

However, he took a more cautious stance on Boeing, warning that the company's stock tends to decline when oil prices rise. He suggested waiting for the price of oil to break $200 before considering Boeing as a potential buy. Cramer also mentioned Applied Aerospace & Defense and Energy Transfer LP during the segment but did not provide specific opinions or investment advice.

Cramer's comments on Teradyne were likely influenced by its year-to-date performance, which has been strong. In contrast, his views on Boeing reflect the challenges facing the company due to fluctuations in oil prices.