Benzinga - by Lisa Levin, Benzinga Editor.
On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying Energy Transfer LP (NYSE: ET). "I like the fact that the yield’s almost 10%, it’s terrific," he added.
Cramer said Lithium Americas Corp. (NYSE: LAC) is a speculative stock and doesn’t make money. "I’m going to have to pass on it," he added.
When asked about Alibaba Group Holding Limited (NYSE: BABA), he said, "For a trade, I’ll endorse Alibaba. But I will not endorse anything for an investment in China because it’s been a disaster."
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The "Mad Money" host recommended buying Crown Castle Inc. (NYSE: CCI). "Now, I do think that people feel that the phone companies are hobbled. I disagree with them, I think at this level, with a 6% yield, I’m with you," he added.
"At this point, as a bear, I’m going to be willing to throw in the towel and say enough. If you want to buy it at three bucks as a speculation, I’m not going to fight you on it. But I’ve been right for 15 points, that’s where I started hating it. I’m not going to hate a $3 stock," Cramer said about BlackBerry Limited (NYSE: BB).
Vertiv Holdings Co (NYSE: VRT) is a buy, Cramer said. "You have a winner there."
When asked about Rockwell Automation, Inc. (NYSE: ROK), he said, "I think it is bottoming here. But I have to tell you, normally I would wait to see another quarter, because that quarter was a miss. But the stock has come down a great deal, and I’m ok with it."
Cramer said AerCap Holdings N.V. (NYSE: AER) is a "very good company…if you want a way to play travel that is not an airline, that is the way to do it."
Price Action: Shares of AerCap gained 1.3% to close at $67.70, while Rockwell Automation gained 1.1% to $261.36 on Monday. Vertiv rose 1.1% to settle at $42.29, while BlackBerry fell 3.3% to close at $3.52 during Monday’s session. Crown Castle shares fell 0.1% to settle at $95.54, while Alibaba fell 0.6% to $82.26 on Monday. Lithium Americas shares fell 2.6%, while Energy Transfer added 0.4% on Monday.
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