Benzinga - by Priya Nigam, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Devon Energy Corporation’s (NYSE: DVN) stock is "low enough, it had a bad quarter, it’s being punished endlessly, that’s wrong."
When asked about TransMedics Group, Inc. (NASDAQ: TMDX), he said, "It’s a market that says, if the company is losing money, unless it gets a bid in the biotech business, we’re going to send it lower for now."
Cramer said Fiverr International Ltd. (NYSE: FVRR) is a nice online marketplace, but it’s not making money. "This market will not buy or take any company that’s not making money," he added.
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When asked about Uranium Energy Corp. (NYSE: UEC), he said, "You’ve got a very good spec in UEC."
The "Mad Money" host said Boston Scientific Corporation (NYSE: BSX) is the "best in show."
When asked about Paramount Global (NASDAQ: PARA), he said, "The entertainment stocks are so hated. I think you might be able to get this thing two points, three points lower, but it’s not expensive anymore."
Price Action: Shares of Paramount Global fell 1.6% to close at $12.46, while Boston Scientific lost 1.8% to $52.83 on Tuesday. Uranium Energy shares fell 4.3% to settle at $5.17, while Fiverr International fell 0.8% to close at $23.85 on Tuesday. TransMedics shares gained 2.6% to settle at $54.87, while Devon Energy fell 1.2% to $46.95 on Tuesday.
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