Jim Cramer Recommends Rubrik, Says Micron Is 'Just Ok', Lululemon Is Worth 'Small Position'

by Avi Kapoor Benzinga Staff Writer

Zinger Key Points

"I don’t know a catalyst to get it to go higher," Cramer on Micron.
"I think if you want to put a small position on LULU you can do it now," says Cramer.
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On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Rubrik RBRK, which recently named Kavitha Mariappan as Chief Transformation Officer.

When asked about Lululemon Athletica inc. LULU, he said, “I think if you want to put a small position on LULU you can do it now.”

On March 27, Lululemon reported fourth-quarter revenue of $3.61 billion, beating the consensus estimate of $3.57 billion. The company reported fourth-quarter earnings of $6.14 per share, beating analyst estimates of $5.85 per share, according to Benzinga Pro.

Cramer recommended buying Take-Two Interactive TTWO, adding that the stock has been going higher endlessly because of the new edition of Grand Theft Auto, which is scheduled to come out this year.

Take-Two Interactive will report financial results for its fourth quarter, after the closing bell on Thursday, May 15.

Micron Technology, Inc. MU is “just ok” as the last couple quarters were not great, Cramer said. “I don't know a catalyst to get it to go higher.”

On April 28, UBS analyst Timothy Arcuri maintained Micron Technology with a Buy and lowered the price target from $130 to $92.

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The Mad Money host said FirstEnergy Corp. FE is not a “great energy company. But, you know what, it sells at a little bit cheaper than the others, and I think it's a buy.”

FirstEnergy, on April 23, posted better-than-expected earnings for its first quarter.

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