Jim Cramer Makes This Call On Alibaba And All China Stocks: Should Investors Buy Or Stay Away?

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Cenovus Energy Inc. CVE. "I wish it gave you a bigger yield, but it’s got great assets," he added.

Analysts have given Cenovus Energy a Buy rating and two Outperform ratings so far this year, according to Benzinga data.

When asked about ChargePoint Holdings, Inc. CHPT, Cramer said he is not recommending stocks that are losing money.

The "Mad Money" host recommended selling Palantir Technologies Inc. PLTR.

Also Read: Top Economist El-Erian Says 'Only Part Of Drama Has Come To Light So Far' In 'Incredible' FTX Saga

When asked about Alibaba Group Holding Limited BABA, he said, "We have enough problems with American stocks, we do not recommend stocks of China."

Price Action: Shares of Cenovus Energy gained 0.7% to close at $21.33 on Tuesday, while ChargePoint gained 2.2% to settle at $12.19. Palantir shares gained 2.7%, while Alibaba dropped 2.3% on Tuesday.

Photo: Courtesy of shutterstock.com

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