Mad Money

Cramer's lightning round: Take your cost basis out of GrowGeneration

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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.

Mitek Systems: "It's a good company."

GrowGeneration: "I'm not going to recommend it at $63 when I recommended it at $14.50. Anybody who bought it off my suggestion, I want your [cost] basis taken out tomorrow, tomorrow morning."

Magnite: "Even though the stock was down very badly today, I'm going to tell you to buy."

Qualcomm: "Qualcomm's a very good company. ... They are hostage to this problem with foundries. They can't get the chips, and because of that, they're going to have to be in the penatly box for a full quarter. They will come out of it, but you go with a Skyworks Solutions, not them, because Skyworks build their own foundries and will never let themselves be hostage."

Westport Fuel Systems: "The stock's had a big run. I'm not recommending buying it at this level."

Fubotv: "There are so many better stocks than that, but I know it is part of the YOLO ride, so I'm not going to be against it if you actually own it."

VIDEO5:4105:41
Cramer's lightning round: Take your cost basis out of GrowGeneration

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