Stock Recommendations - Open Door was considered a speculative stock pick, initially bought at $1.71, with advice to "ring the register" to avoid meme stock territory [2] - Terra Wolf is considered a low-quality stock to avoid [3] - Hubble is viewed as a fantastic American industrial company, recommended to stay long, but to wait for a price dip before buying more [4][5] - Lumenum Holdings experienced an upside explosion after years of stagnation; the recommendation is to sell half the position on Monday morning and play with the "house's money" [5][6] - Summit Therapeutics' drug for cancer screening had bad news, and the recommendation is to move on, as it's unlikely to recover [7] General Investment Strategy - The focus is on high-quality stocks [3] - Insider buying is noted, but there's no rush to exit the position, although the speaker is not enthusiastic about it [8] Program Information - The Lightning Round is sponsored by Charles Schwab [8] - Viewers can follow Jim Kramer on X (formerly Twitter) and use madmentions to ask questions [8] - Viewers can send emails to madmoney@cnbc.com or call 1-800-743-CNNBC [8] - Missed segments can be found at madmoney.cnbc.com [9]

Welcome back to the exchange. It's the summer of dealmaking, especially across the industrial sector. In the past week alone, we've seen big mergers from the likes of Baker Hughes and Chart Industries, Amphanol and Comcope, and most notably, and I covered this pretty extensively, Union Pacific and North Norfick Southern.So, all these deals have my next guest wondering who's next within the industry. Well, let's bring in Julian Mitchell. He's US industrials analyst at Barclays.Julian, it's great to have you ...