During the Mad Money Lightning Round, Jim Cramer told a viewer that his decision to buy Boeing Co (BA) was correct and supported him. He said he liked the company because American Airlines Group Inc. (AAL) is still receiving a lot of help from the government, and airlines will continue to test people for Covid-19 before boarding the plane and have stepped up anti-pandemic measures on board the plane.
According to Cramer, General Electric (GE) is out of luck this year. They have a good plan of action, but it is not yet fully ready and this may slow down their development. Next year will probably be better for their stock, but many investors may not have much patience to wait for it.
Cramer thinks he’s done with Rocket Companies (RKT) and is ready to move on. There are many people with short positions for this company, mainly because they do not like their management structure.
The investor says that according to him RedHill Biopharma Ltd (RDHL) is an intelligent Israeli company, but instead, it would rather own Royalty Pharma plc (RPRX).
Cramer is worried about Walgreens Boots Alliance Inc (WBA) because after the recent and many scandals surrounding the company, he does not see what would push their stock up.
He also revealed that instead of Illumina, Inc. (ILMN) would buy Thermo Fisher Scientific Inc. (TMO) and Danaher Corporation (DHR) and that it has a positive opinion of Ping Identity Holding Corp (PING).
Junior Trader Kameliya Ivanova