Lightning Round: 'Wait and see situation' with Papa John's, says Jim Cramer

Lightning Round Summary

Key Concepts: Joby (electric vertical takeoff and landing aircraft company), Arm Holdings (semiconductor and software design company), Nvidia (graphics processing unit company), Kura Oncology (biopharmaceutical company), Papa John's (pizza restaurant chain), Shake Shack (fast casual restaurant chain), Renee Haas (CEO of Arm Holdings), Pentagon (CEO of Papa John's).

Joby Aviation (Electric VTOL)

• Caller Ron's Inquiry: Ron from Pennsylvania inquired about Joby Aviation, highlighting its partnerships with Toyota, the U.S. Air Force, Skyports, and Dubai Delta, along with its FAA Part 141 certification.
• Cramer's Assessment: Cramer acknowledges Joby as a legitimate company in the electric vertical takeoff and landing (eVTOL) space. He believes Joby is a real company, distinguishing it from speculative "knocking" stocks. He mentions Boeing is working on similar technology.
• Cramer's Stance: Cramer expresses a positive outlook on Joby, even playing Joby music.

Arm Holdings and Nvidia

• Caller Don's Position: Don from New Jersey mentions building a "nice sized position" in Arm Holdings.
• Cramer's Analysis: Cramer views Arm Holdings favorably due to its partnership with Nvidia. He emphasizes the close relationship between Arm's CEO, Renee Haas, and Nvidia, noting Haas's previous employment at Nvidia.
• Renee Haas: Cramer mentions that Renee Haas is doing a good job as CEO of Arm Holdings.

Kura Oncology

• Caller Kumar's Inquiry: Kumar from New Jersey asks about Kura Oncology, mentioning his past investment in Celgene based on Cramer's recommendation.
• Cramer's Honesty: Cramer admits he is unfamiliar with Kura Oncology. He refuses to offer an opinion without proper research.
• Cramer's Integrity: Cramer states he needs to learn more about Kura before recommending it.

Papa John's

• Caller Ryan's Question: Ryan from Rhode Island asks about Papa John's.
• Ryan's Claim: Ryan claims that Papa John's pizza only has six ingredients.
• Cramer's Perspective: Cramer notes that the "Top Pentagon" (CEO) now runs Papa John's. He mentions that the previous CEO went on to Shake Shack and is "crushing it."
• Cramer's Caution: Cramer adopts a "wait and see" approach regarding Papa John's under the new leadership. He is not ready to endorse the stock.

Conclusion

The Lightning Round covered a range of stocks, from emerging technologies like Joby Aviation to established companies like Arm Holdings and Papa John's. Cramer's responses varied from enthusiastic support (Joby, Arm) to cautious observation (Papa John's) and outright admission of unfamiliarity (Kura Oncology). He emphasized the importance of thorough research before making investment recommendations and highlighted key partnerships and leadership changes as factors influencing his outlook.