Lightning Round: I'm a buyer of Novartis, says Cramer

Key Concepts

• Buy, Sell, or Hold: A stock market segment where the host provides recommendations on specific stocks.
• Trading Vehicle: A stock that is primarily bought and sold for short-term gains rather than long-term investment.
• Financial Literacy: The ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing.
• Equity Offering: The sale of stock by a company to raise capital.

Stock Recommendations and Analysis

The "Lightning Round" segment of the program features viewer calls seeking stock advice from the host, Jim Cramer.

Novartis (NV)

• Caller: Leslie in California.
• Recommendation: Buy.
• Reasoning: Cramer considers Novartis a "winner" and believes it is performing well. He also notes that the Pittsburgh Steelers are "starting to look really good," drawing a tangential positive association.

IQ and Quantum Computing Companies (e.g., IQ)

• Caller: Charles in Maryland.
• Inquiry: Regarding IQ, a quantum computer company, and its speculative nature, especially in light of Alphabet's quantum chip development.
• Stock Performance: The stock was at $84 ten days prior and has since dropped to $59, having previously been at $54.
• Recommendation: Cramer views IQ as a "trading vehicle." He anticipates it will receive government funding, leading to a price increase ("run up again"), after which investors should "trim it again." He emphasizes that it is not an "investing situation."

Q 360 Holdings (QHT)

• Caller: Joe in Iowa.
• Inquiry: Regarding Q 360 Holdings, which the caller bought in July. The stock had "great numbers" and was performing well ("skyrocket") before being affected by "China trade stuff."
• Recommendation: Cramer expresses a negative view on "China financials" in general. His only positive holding in that sector is Alibaba. He advises against Q 360 Holdings.

Kratos Defense & Security Solutions (CTAS)

• Caller: Phil in Georgia.
• Context: Phil is a member of the U.S. Army's Third Infantry Division and is helping soldiers become financially literate. He expresses gratitude for Cramer's influence.
• Recommendation: Buy.
• Reasoning: Cramer believes Kratos is a "terrific stock" that has "come down a bit" and is now an opportune time to "pull the trigger." He also expresses a desire to meet Phil in New York, indicating a personal connection and appreciation for his service.

GSI Technologies (GSIT)

• Caller: Luke in Arizona.
• Inquiry: Regarding GSI Technologies.
• Stock Performance: Cramer describes the stock as a "rocket ship."
• Analysis: Cramer notes that GSI Technologies recently had an "equity offering." He indicates he may need to consult with "Ben Stern" for a definitive answer on the stock's future, suggesting a need for expert insight due to the offering. He states the stock is "straight up" and believes it will continue to perform well.

Conclusion of the Lightning Round

The Lightning Round segment concludes, with the host acknowledging its sponsor, Charles Schwab. The program then transitions to a discussion about Tesla's evolution from an automaker to an AI innovator.