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Jim Cramer — How to Navigate a 'Crazed' Market; Beware Cybersecurity Stocks

Editors' pick: Originally published Jan. 21.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio, said Palo Alto Networks (PANW - Get Report) is the best way to play the cybersecurity market.

Cramer made the comment while answering a viewer's question about FireEye (FEYE - Get Report) . Cramer said the cybersecurity sector is in a "one-way bear market" at the moment, but best company to own is Palo Alto.

Bear market sentiment is to blame for other stocks that are under pressure, Cramer said, like Fitbit (FIT - Get Report) and Boeing (BA - Get Report) . On Boeing, Cramer pointed out that the company isn't as adversely affected by the strong dollar as some investors believe.

Cramer also noted that telecom stocks are a safe bet in this "crazed" market. A viewer asked Cramer if AT&T's (T - Get Report) dividend was safe. He responded that it is, as is Verizon's (VZ - Get Report) dividend.

Cramer was also asked about several health care and biotech stocks. He said he's very positive about Allergan (AGN - Get Report) , which his Action Alerts PLUS charitable trust owns. He also likes Pfizer's (PFE - Get Report) yield. He also said that he prefers Celgene (CELG - Get Report) over Gilead (GILD - Get Report) .

Exclusive Look Inside:
You see Jim Cramer on TV. Now, see where he invests his money and why Allergan is a core holding of his multi-million dollar portfolio.

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