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Cramer Weighs In On Peloton, Planet Fitness And More

Cramer Weighs In On Peloton, Planet Fitness And More

On CNBC's "Mad Money Lightning Round", Jim Cramer said Peloton Interactive Inc (NASDAQ: PTON) is very interesting because it's the ultimate stay-at-home stock. He's not sure if people are still going to buy it in case of recession, but at least it has a good thesis.

Solaredge Technologies Inc (NASDAQ: SEDG) is pretty dangerous so Cramer would not buy it.

See Also: Analysts Favor Peloton As Stay-At-Home Customers Take To Home Workouts

Cramer likes Uber Technologies Inc (NYSE: UBER) as a long-term deal, but he thinks it needs a better balance sheet.

We're going into a recession where a lot of things won't be built, said Cramer. Nucor Corporation (NYSE: NUE) was upgraded Tuesday and it yields 4.2%. Cramer would be a buyer if it yields 5%.

Before the pandemic, Planet Fitness Inc (NYSE: PLNT) was one of the Cramer's favorite stocks. Now, there are a lot of bad things for business and Cramer wants to wait and see what happens.


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