Lightning Round: Stay away from enterprise software companies, says Jim Cramer
Speakers
Jim Cramer
— Host, Mad Money
Summary
Jim Cramer took calls in the Lightning Round and gave views on several stocks. He was bullish on Banco Santander, Origin Bancorp, and Cava, and told investors to take some profits in Royal Gold after its sharp run. He repeatedly warned investors to stay away from enterprise software companies, including Datadog and Autodesk, calling the group toxic and in freefall. Cramer declined to endorse POET Technologies.
- Cramer told a caller to buy Banco Santander now, citing CEO Ana Botín.
- He called Origin Bancorp a rocket ship and said to buy more on pullbacks.
- He said Cava is a buy and cited strength in the restaurant group.
- He recommended trimming Royal Gold after its all-time high.
- He said enterprise software is toxic and in freefall, avoiding Datadog and Autodesk.
- He had no view on POET Technologies.
Ideas
Buy Santander; Cramer praises Ana Botín.
Cramer calls Banco Santander terrific and amazing, praises CEO Ana Botín, and says he is redoubling his efforts to tell the caller to buy the stock right now.
Avoid toxic, freefalling enterprise software sector.
Cramer tells investors to stay away from enterprise software companies, saying they are almost in freefall and toxic; no one wants to touch them, even Autodesk's architectural niche does not help, and he will not try to break the fall.
Stay in Origin; buy pullbacks.
Cramer calls Origin Bancorp a rocket ship and a winner, telling the caller to stay in the stock and buy more if it pulls back.
Cava is a buy; group strong.
Cramer says Cava is good and its move has just started, pointing to strength in the restaurant group such as Yum and Texas Roadhouse, and tells the caller it is a buy buy buy.
Trim Royal Gold after fast gains.
Cramer calls Royal Gold a very good company, comparing it to Franco-Nevada, but says the fast gains and all-time high make it time to take a little off the table tomorrow, promising you will never regret it.
