Market Overview

Jim Cramer Gives His Opinion On Alibaba, Corning, Skechers And More


Jim Cramer said on CNBC's "Mad Money Lightning Round" that Alibaba Group Holding Ltd (NYSE: BABA) could post really good numbers on May 4. Its chart looks really bad and people are freaking out about it, but Cramer would own the stock.

Anything even remotely connected with the housing segment isn't working, said Cramer. He wouldn't buy First American Financial Corp (NYSE: FAF) because he doesn't want to fight the trend.

Cramer isn't a buyer of Coherent, Inc. (NASDAQ: COHR), but he wouldn't sell it either because the price is too low.

Ionis Pharmaceuticals Inc (NASDAQ: IONS) is facing new competition in its sector, said Cramer. He doesn't want to to go against the trend, so he wouldn't own the stock.

Skechers USA Inc (NYSE: SKX) seems like it can't stop going down, said Cramer. He isn't a buyer.

Cramer wouldn't buy Corning Incorporated (NYSE: GLW) at the moment.

Banks are going up and Cramer wants to buy more shares of BofI Holding, Inc. (NASDAQ: BOFI). He thinks the stock is very inexpensive on price-to-earnings multiple.

Cramer likes Verisk Analytics, Inc. (NASDAQ: VRSK). He would own the stock.

Posted-In: Jim Cramer Mad Money mad money Lightning RoundMedia Trading Ideas


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