Mad Money

Cramer's lightning round: Penske Automotive is 'a very inexpensive stock'

Key Points
  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Seattle Genetics: "I like Seattle Genetics very much. ... I think that they've got an amazing pipeline, one of the best I've ever seen and I think you should own the stock."

Qorvo: "I think Qorvo's fantastic ... [it's] levered to 5G."

Penske Automotive Group: "I actually think it's a very inexpensive stock ... that stock is way too cheap."

Virtu Financial: "I think it's a very smart, good company with a lot of really smart people and I'm surprised that it's still only — it should be more of a fintech company. It doesn't deserve a nine multiple. It deserves a 12 multiple."

Exxon: "I don't like Exxon as much as Chevron. Chevron's a better run company right now. It just is."

Energy Transfer: "I would dump that right into the Delaware Water Gap, let it go up a couple points and then just drown it."

Mastercard: "I mean it's levered to world travel and world commerce, and that's hurt the stock, but look, my charitable trust owns it, I think it's a terrific situation, but remember: we have to be cognizant that again it came into this Covid [pandemic] with a 40 multiple and that's too rich, given the fact that worldwide commerce is slowing."

RingCentral: "I think RingCentral's terrific. You know, RingCentral is one of those companies that are going to be down on a day like today. Why? Because it's very good for the office at home. ... That's why it was down 22. There's nothing wrong with it. ... Give it a couple days and it's going to start moving up again, but it is up 55% for the year."

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Cramer's lightning round: Penske Automotive stock is 'very inexpensive'

Disclaimer

Disclosure: Cramer's charitable trust owns shares of Mastercard.

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