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Jim Cramer Makes This Call On Alibaba And All China Stocks: Should Investors Buy Or Stay Away?

Published 09/11/2022, 13:04
Updated 09/11/2022, 14:10
© Reuters.  Jim Cramer Makes This Call On Alibaba And All China Stocks: Should Investors Buy Or Stay Away?

© Reuters. Jim Cramer Makes This Call On Alibaba And All China Stocks: Should Investors Buy Or Stay Away?

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Cenovus Energy Inc. (NYSE: CVE). "I wish it gave you a bigger yield, but it’s got great assets," he added.

Analysts have given Cenovus Energy a Buy rating and two Outperform ratings so far this year, according to Benzinga data.

When asked about ChargePoint Holdings, Inc. (NYSE: CHPT), Cramer said he is not recommending stocks that are losing money.

The "Mad Money" host recommended selling Palantir Technologies (NYSE:PLTR) Inc. (NYSE: PLTR).

Also Read: Top Economist El-Erian Says 'Only Part Of Drama Has Come To Light So Far' In 'Incredible' FTX Saga

When asked about Alibaba (NYSE:BABA) Group Holding Limited (NYSE: BABA), he said, "We have enough problems with American stocks, we do not recommend stocks of China."

Price Action: Shares of Cenovus Energy gained 0.7% to close at $21.33 on Tuesday, while ChargePoint gained 2.2% to settle at $12.19. Palantir shares gained 2.7%, while Alibaba dropped 2.3% on Tuesday.

Photo: Courtesy of shutterstock.com

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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