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Lightning Round: Jim Cramer Gives His Opinion On Tower Semiconductor, Momo And More


On CNBC's "Mad Money Lightning Round", Jim Cramer said he would wait for a couple of days to buy Tower Semiconductor Ltd. (USA) (NASDAQ: TSEM) because the semiconductor stocks are currently on sale.

Momo Inc (ADR) (NASDAQ: MOMO) isn't the Facebook of China, thinks Cramer. He sees it as a very speculative stock and he wouldn't buy it. He would rather buy Facebook Inc (NASDAQ: FB), if it pulls back a little bit more.

New Residential Investment Corp (NYSE: NRZ) has 11 percent dividend yield and Cramer sees that as a red flag. He doesn't know what the company owns and before he makes a call, he wants to interview the management.

Cramer would take some profits in NetEase Inc (ADR) (NASDAQ: NTES). He advised his viewer to cut her position in half and let the rest run.

Posted-In: CNBC mad money Lightning Round Jim CramerMedia


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