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Why Jim Cramer Says 'You Should Just Take Every Penny' And Buy Disney

Author: Priya Nigam | July 06, 2022 07:19am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like companies that are not making money, when asked about Cloudflare, Inc. (NYSE:NET). However, he added that the company is doing well and its CEO Matthew Prince should come on the show.

The "Mad Money" host said that MP Materials Corp (NYSE:MP) has been a "good stock to buy in the $20s and it’s almost there. May I suggest you do that."

Cramer recommended buying Dow Inc (NYSE:DOW) "in the $40s."

When asked about Oasis Petroleum Inc (NASDAQ:OAS), he said, "Everybody hates oil so much, we’ve got to do more work. But I like the idea in principle."

Also Read: Elon Musk Confesses To A 'Penchant' For This Piece Of Clothing

Cramer recommended buying Morgan Stanley (NYSE:MS) over Citigroup Inc. (NYSE:C).

When asked about Warner Bros Discovery Inc. (NASDAQ:WBD), Cramer said, "If Warner Brothers Discovery at $14 is a buy, then you should just take every penny and buy The Walt Disney Company (NYSE:DIS)."

The "Mad Money" host said SoFi Technologies, Inc. (NASDAQ:SOFI) is at $5 and that "makes no sense to me." Cramer also added that he doesn’t have any catalyst to recommend the stock.

Cramer said he can’t recommend Danaos Corporation (NYSE:DAC).

Photo: Created with an image from Scott Beale on Flickr

Posted In: C DAC DIS DOW MP MS NET OAS SOFI WBD

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