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Jim Cramer Gives His Opinion On Blue Apron, Teva And More

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On CNBC's "Mad Money Lightning Round", Jim Cramer advised his viewer to hold his long position in Sirius XM Holdings Inc (NASDAQ: SIRI). He has been recommending the stock since $4 and he is not backing away.

Teva Pharmaceutical Industries Ltd (ADR) ADR (NYSE: TEVA) had a nice comeback, but Cramer wouldn't buy it. He thinks the bottom has been reached, but he still doesn't want to pull the trigger.

Cramer isn't willing to recommend iQIYI, Inc (NASDAQ: IQ) as a buy.

Blue Apron Holdings Inc (NYSE: APRN) has bottomed, said Cramer. He doesn't want to buy it because he needs a thesis to buy a stock and he doesn't have one for Blue Apron.

Cramer thinks it's all right to own Shopify Inc (NYSE: SHOP). He isn't concerned about Adobe's acquisition of Magento.

Incyte Corporation (NASDAQ: INCY) is an inexpensive stock because it has great products, said Cramer. He added that it keeps trading lower.

Cramer is a buyer of E*TRADE Financial Corp (NASDAQ: ETFC).

 

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