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© 2026 Benzinga | All Rights Reserved
August 11, 2023 8:45 AM 1 min read

Jim Cramer Urges Caution On China Investments: Only Recommends Alibaba; 'I'm Not That Keen On Owning Chinese Stocks'

by Priya Nigam Benzinga Staff Writer
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ArticleFeaturedTickersList12345!!!

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Public Storage (NYSE:PSA). He recommended buying the stock.

RingCentral, Inc. (NYSE:RNG) is "too crowded, too commoditized," Cramer said. "I’m going to have to say no."

Cramer said he doesn’t know about Primoris Services Corporation (NASDAQ:PRIM) and needs to do work on it.

When asked about NetEase, Inc. (NASDAQ:NTES), he said, "The only Chinese stock I recommend on this show is Alibaba Group Holding Limited (NYSE:BABA), and I’m not that keen on owning Chinese stocks."

The "Mad Money" host said The Scotts Miracle-Gro Company (NYSE:SMG) is just "too dicey a stock for me, and 5% yield is not enough to entice me."

Don’t forget to check out our premarket coverage here

Cramer said he loves Wingstop Inc. (NASDAQ:WING) and recommended buying the stock.

When asked about Autodesk, Inc. (NASDAQ:ADSK), Cramer said, "I have left out Autodesk, and that’s a mistake."

Price Action: Shares of Autodesk gained 1.6% to close at $208.06, while Wingstop fell 0.5% to $162.26 on Thursday. Scotts Miracle-Gro shares rose 1.1% to settle at $52.77, while Alibaba added 4.6% to close at $99.21 during Thursday’s session. NetEase shares fell 0.1% to $107.25, while Primoris Services rose 2.7% to $34.07 on Thursday. RingCentral shares rose 4.5% to settle at $31.04, while Public Storage slipped 0.6% to $284.70 on Thursday.

Now Read This: Citizens And 2 Other Penny Stocks Insiders Are Buying

Photo: Shutterstock

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Posted In:
NewsSmall CapMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
ADSK Logo
ADSKAutodesk Inc
$239.950.79%
Overview
BABA Logo
BABAAlibaba Group Holding Ltd
$160.701.86%
NTES Logo
NTESNetEase Inc
$120.13-0.14%
PRIM Logo
PRIMPrimoris Services Corp
$149.000.70%
PSA Logo
PSAPublic Storage
$285.841.07%
RNG Logo
RNGRingCentral Inc
$25.43-%
SMG Logo
SMGThe Scotts Miracle Gro Co
$65.04-%
WING Logo
WINGWingstop Inc
$266.00-0.06%
ADSK Logo
ADSKAutodesk Inc
$239.950.79%
Overview
BABA Logo
BABAAlibaba Group Holding Ltd
$160.701.86%
NTES Logo
NTESNetEase Inc
$120.13-0.14%
PRIM Logo
PRIMPrimoris Services Corp
$149.000.70%
PSA Logo
PSAPublic Storage
$285.841.07%
RNG Logo
RNGRingCentral Inc
$25.43-%
SMG Logo
SMGThe Scotts Miracle Gro Co
$65.04-%
WING Logo
WINGWingstop Inc
$266.00-0.06%
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