Lightning Round: I like Domino's here, says Jim Cramer
By CNBC Television
Key Concepts
- Low-dollar stocks (potentially "$9 stocks")
- Tighten International (PWI)
- Leonardo da Vinci (military stock)
- Joby Aviation (flying car stock)
- Archer (flying car stock)
- Ten-bagger stock (stock that increases tenfold in value)
- Annual meeting for the club
- Lightning Round (segment of the show)
Discussion of Specific Stocks
- Domino's Pizza: A caller, Jodi, reminisces about recommending Domino's Pizza when it was a $9 stock, highlighting the potential for "mad money" to generate significant returns over time.
- Tighten International (PWI): Lavon asks about Tighten International. Cramer acknowledges following the company for a long time but expresses hesitation to recommend it after a recent surge in price. He notes that the stock "went up so huge" after a period of stagnation, making it difficult to justify a recommendation despite its previous appeal.
- Leonardo da Vinci: Chris inquires about Leonardo da Vinci, described as a military stock. Cramer admits he needs to do more research on the company and plans to consult Professor Stoto about it.
- Joby Aviation: Kelly asks about Joby Aviation's potential as a "ten-bagger stock" within 3-4 years. Cramer pairs Joby with Archer, another flying car stock, and expresses a willingness to consider them, referencing Boeing's involvement in the flying car market as a supporting factor.
General Investment Strategy and Market Commentary
- Low-Dollar Stocks: Jodi's question about finding another "$9 stock" prompts Cramer to mention an upcoming annual meeting for his club, where he might discuss such stocks. This suggests an interest in identifying undervalued companies with significant growth potential.
- Post-Surge Hesitation: Cramer's response to Tighten International illustrates a common investment strategy of avoiding stocks after a rapid price increase, even if the company was previously attractive. This is due to the uncertainty of whether the surge is sustainable.
Notable Quotes
- Jodi: "Mad money makes big money." (Illustrating the potential for significant returns from well-timed investments.)
- Cramer (regarding Tighten International): "It just happened like that. So I can't recommend it after this big move." (Explaining his reluctance to recommend a stock after a sudden price surge.)
- Cramer (regarding Joby and Archer): "Boeing has a flying car. Why can't they?" (Justifying his consideration of flying car stocks by referencing a major player in the industry.)
Lightning Round Sponsorship and Upcoming Segment
- The Lightning Round is sponsored by Charles Schwab.
- The next segment will address whether Cramer is to blame for the wave of layoffs in white-collar jobs, ahead of the upcoming jobs report.
Synthesis/Conclusion
The segment covers a range of viewer stock picks, with Cramer offering quick takes based on his existing knowledge and investment philosophy. He expresses interest in low-dollar stocks, but also caution about recommending stocks after significant price increases. He admits the need for further research on some companies, and shows openness to emerging sectors like flying cars. The segment also previews an upcoming discussion on the broader economic issue of white-collar layoffs.
Chat with this Video
AI-PoweredHi! I can answer questions about this video "Lightning Round: I like Domino's here, says Jim Cramer". What would you like to know?