Cramer Advises His Viewers On LendingClub, Commscope And Continental Resources

On CNBC's Mad Money, Jim Cramer said that LendingClub Corp LC is not his cup of tea. It has the best Board, a lot of momentum and it is making a lot of deals, but Cramer doesn't like it because he doesn't trust the business model in the long term. He would like the management to come to the show and explain to him how LendingClub Corp is not exposed to some of the things that go wrong at banks. Cramer promised to give his opinion on Commscope Holding Company Inc COMM after he does some research. The tanker companies exist to transfer oil from Nigeria and Venezuela to the United States, thinks Cramer. Right now, the U.S. doesn't need foreign oil so the only route left for them is China and its oil business is not picking up. Cramer doesn't like the space. Instead of buying Continental Resources, Inc. CLR, Cramer would buy EOG Resources Inc EOG. It has properties with the lowest breakeven costs and if crude oil stays at its current price the company will make a lot of money, thinks Cramer.