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© 2026 Benzinga | All Rights Reserved
July 28, 2023 9:01 AM 2 min read

Jim Cramer Says This E-Commerce Giant 'Is One Of The Only Ones' That 'Has Really Got The Momentum In China'

by Lisa Levin Benzinga Editor
Follow

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Topgolf Callaway Brands Corp. (NYSE:MODG) stock has been "disappointing, and I think it’s rather strange because the business itself is very good." He recommended buying the stock.

When asked about JD.com, Inc. (NASDAQ:JD), he said, "This is so tough for me because Alibaba Group Holding Limited (NYSE:BABA) is one of the only ones I think has really got the momentum in China, and they’re also dividing in two, you can get their cloud business, which is really terrific, and that’s the only one. "

Cramer said he likes IDEXX Laboratories, Inc. (NASDAQ:IDXX), but Zoetis Inc. (NYSE:ZTS) is "crushing them. I think Zoetis is the way to go when it comes to animal health."

Don’t forget to check out our premarket coverage here

The "Mad Money" host said Teladoc Health, Inc. (NYSE:TDOC) reported a very good quarter. "I think a lot of people are going to upgrade the stock now that they finally showed some upside momentum. I think you’re ok for a trade, but not for long," he added.

Cramer said he doesn’t like Lucid Group, Inc. (NASDAQ:LCID) and likes Rivian Automotive, Inc. (NASDAQ:RIVN). "I think Rivian’s real. I know there’s a big short position, but I think Rivian’s delivering exactly what you want, and I think they’ve got, they’ve got a team there that I think is a little bit better than people realize," he noted.

Price Action: Shares of Topgolf Callaway Brands fell 2% to close at $19.45, while JD.com fell 2.9% to $37.98 on Thursday. Alibaba shares fell 1.8% to settle at $95.44, while IDEXX Laboratories slipped 1.8% to close at $545.96 during Thursday’s session. Zoetis shares fell 1.7% to $188.69, while Teladoc Health fell 3.3% to $27.96. Lucid Group fell 3.9% to $6.89, while Rivian shares declined 4.1% to settle at $26.05 on Thursday.

Now Read This: Top 5 Materials Stocks That Could Sink Your Portfolio For July

Photo: Shutterstock

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Posted In:
Long IdeasNewsMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
BABA Logo
BABAAlibaba Group Holding Ltd
$157.130.90%
Overview
IDXX Logo
IDXXIDEXX Laboratories Inc
$629.35-%
JD Logo
JDJD.com Inc
$27.180.15%
LCID Logo
LCIDLucid Group Inc
$10.300.19%
RIVN Logo
RIVNRivian Automotive Inc
$17.57-0.90%
TDOC Logo
TDOCTeladoc Health Inc
$4.670.43%
ZTS Logo
ZTSZoetis Inc
$126.760.09%
BABA Logo
BABAAlibaba Group Holding Ltd
$157.130.90%
Overview
IDXX Logo
IDXXIDEXX Laboratories Inc
$629.35-%
JD Logo
JDJD.com Inc
$27.180.15%
LCID Logo
LCIDLucid Group Inc
$10.300.19%
RIVN Logo
RIVNRivian Automotive Inc
$17.57-0.90%
TDOC Logo
TDOCTeladoc Health Inc
$4.670.43%
ZTS Logo
ZTSZoetis Inc
$126.760.09%
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