Business

Cramer’s lightning round: Not recommending Nio or any Chinese stocks

Veru: “Veru is in [Phase 3] for a very important breast cancer indication. They just got fast-track designation by the FDA this morning. It’s at $5. It made no sense that the stock didn’t go up to me. I thought it should’ve been up on the news.”

Nio: “Nope. Not recommending that. Not recommending any of the Chinese stocks. In particular, I don’t like that stock. I just feel like there are people who want to speculate all the time on China. This is a different kind of China than what we’re used to. It is a communist country that does not seem to favor capitalist development anymore.”

Grab Holdings: “We thought that was interesting when we looked at it. We like it. It’s got much more than just Uber. … I like the stock. I like it. We liked it when we looked at it.”

International Paper: “Cheap stock, but always a cheap stock. I don’t want a stock that’s always a cheap stock. I want a stock that moves higher.”

SMART Global Holdings: “I’ve got to relook at it because this is involving smart phones, and smart phones are under pressure here.”

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