Benzinga - by Priya Nigam, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said no to Westrock Coffee Company (NASDAQ: WEST) as the company is losing money.
Cramer said Twilio Inc. (NYSE: TWLO) is "A-OK…I don’t think it’s a bad stock to own."
"The food stocks are just ok," Cramer said when asked about The J. M. Smucker Company (NYSE: SJM). "I don’t ‘just ok’ merits ownership, so I’m going to say no to that."
The "Mad Money" host said he doesn’t want Alcoa Corporation (NYSE: AA). "I never liked the whole separation of the company, the whole way was to get rid of the Alcoa cyclicality, so I’m going to say double AA is no go, stick to batteries," he added.
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Cramer said he is sticking with Morgan Stanley (NYSE: MS). "I’ve debated this all last week, and I said, listen, James Gorman’s one of the reasons why I want it, he’s going to be out at the end of the year. But its 4% yield, I’m reading the house Morgan by Chernow, it’s a good book. Morgan Stanley’s got good bloodlines," he added.
Price Action: Shares of Morgan Stanley fell 1.1% to close at $84.84, while Alcoa fell 2.6% to $30.29 on Tuesday. J. M. Smucker shares gained 0.4% to settle at $143.01, while Twilio rose 0.4% to close at $65.69 during Tuesday’s session. Westrock Coffee shares gained 1.6% to settle at $10.15 on Tuesday.
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