Why Jim Cramer Says 'You Should Just Take Every Penny' And Buy Disney
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like companies that are not making money, when asked about Cloudflare, Inc. (NYSE:NET). However, he added that the company is doing well and its CEO Matthew Prince should come on the show.
The "Mad Money" host said that MP Materials Corp (NYSE:MP) has been a "good stock to buy in the $20s and it’s almost there. May I suggest you do that."
Cramer recommended buying Dow Inc (NYSE:DOW) "in the $40s."
When asked about Oasis Petroleum Inc (NASDAQ:OAS), he said, "Everybody hates oil so much, we’ve got to do more work. But I like the idea in principle."
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Cramer recommended buying Morgan Stanley (NYSE:MS) over Citigroup Inc. (NYSE:C).
When asked about Warner Bros Discovery Inc. (NASDAQ:WBD), Cramer said, "If Warner Brothers Discovery at $14 is a buy, then you should just take every penny and buy The Walt Disney Company (NYSE:DIS)."
The "Mad Money" host said SoFi Technologies, Inc. (NASDAQ:SOFI) is at $5 and that "makes no sense to me." Cramer also added that he doesn’t have any catalyst to recommend the stock.
Cramer said he can’t recommend Danaos Corporation (NYSE:DAC).
Photo: Created with an image from Scott Beale on Flickr