Benzinga - by Priya Nigam, Benzinga Staff Writer. On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying Marathon Oil Corporation (NYSE: MRO). "I think it’s a very inexpensive stock," he added.
Enphase Energy, Inc. (NASDAQ: ENPH) continues to go lower, Cramer said. "I think at this price it does seem very cheap. I don’t know."
When asked about Barrick Gold Corporation (NYSE: GOLD), he said, "Look, I think gold is an insurance company, it’s like asking me, 'is it a good time to buy car insurance.' I always want to own some gold."
The "Mad Money" host said Coherent Corp. (NYSE: COHR) has a lot of different semiconductor-like components, but is not making money and he can’t recommend a stock that’s not making money.
When asked about Icahn Enterprises L.P. (NASDAQ: IEP), he said, "What a mess. I have no idea what it is, I have no idea how it makes its money. I just think it’s totally opaque. I say stay away."
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Price Action: Shares of Icahn Enterprises fell 6.3% to close at $19.47, while Coherent gained 2.3% to $36.51 on Tuesday. Barrick Gold shares gained 0.8% to settle at $15.84, while Enphase Energy fell 1.4% to close at $128.32 during the Tuesday’s session. Marathon Oil shares fell 1.3% to settle at $26.11 on Tuesday.
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