Why Jim Cramer Believes Sirius XM Is Inexpensive

On CNBC’s "Mad Money Lightning Round," Jim Cramer said CRISPR Therapeutics AG CRSP is likely to "lose a lot of money. But more importantly, this is the kind of company right now that is so out of favor that, unless you are willing to take a beating, which I do not encourage, I think you have to take a pass on it,"

With American Airlines Group Inc. AAL losing a lot of money, Cramer  is not recommending stocks that are losing a lot of money unless they can return to profitability "within the next year, at least."

When asked about Uber Technologies, Inc. UBER, the "Mad Money" host said, "I need straight out earnings to recommend a stock on this show" as his job is to preserve wealth during a turbulence period and also make wealth in case of an opportunity.

Cramer said AbbVie Inc. ABBV is still cheap and also got a good dividend. "Large, large position for the Investing Club, and I say stay long."

Sirius XM Holdings Inc. SIRI is inexpensive, Cramer said. He believes used car prices have surged so high that "people aren’t buying enough cars. But it will happen." He likes the stock at $6 per share.

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsMediaTrading IdeasCNBCJim Cramer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!