Completing the list was Snap
(, the actions of social networks and GoPro SNAP) – Get report (, the fighter manufacturer of action cameras. Finally, marathon oil GPRO) – Get report ( made the list, but Cramer advised going with Parsley Energy MRO) – Get report ( if investors have to own oil. PHYSICAL EDUCATION) – Get report
In general, Cramer would only hold on to Tesla and, in the long term, Penn National, until we have a COVID-19 vaccine.
Don’t miss the best of Cramer, every day, with quick and actionable strategies: Street lighting.
Know your IPO
In his “Know Your IPO” segment, Cramer examined Albertsons’ upcoming IPO, the grocery chain that will soon be marketed under the ticker ACI.
Albertsons Companies has 2,250 locations in 32 states under various brands, including Acme and Safeway, as well as Albertsons, but this is not the first time the company has attempted to go public. Albertsons attempted, and failed, an IPO in 2015 and 2018. But investors rejected his debt-laden balance sheet and his failed merger with RiteAid.
( in 2018 RAD) – Get report
But since then, the company has a new CEO, has spent billions to renovate its stores, and has developed an omnichannel strategy that includes delivery, which has proven to be perfect for our new world COVID-19. The company had 2% sales growth at the same store last year and has reduced its debt considerably.
Cramer said he likes the Albertsons story and would be a buyer on the IPO.
Special interview: Rhode Island Governor Gina Raimondo
In a special interview, Cramer spoke with Gina Raimondo, governor of Rhode Island, to find out how her state has been able to handle the coronavirus outbreak so well while other states have struggled.
Raimondo credited Rhode Island’s fast action, innovation, and partnerships for success. She said her state is densely populated and located between Boston and New York City, two critical points of COVID-19. But after much hard work, Rhode Island is the only state that has evaluated 20% of its population with a positive rate of 2%.
Rhode Island quickly partnered with Saleforce.com
( for contact tracking and CVS Health CRM) – Get report ( for testing, among others, said Raimondo, and that helped them provide them with the data they needed to implement practical solutions for citizens. CVS) – Get report
Raimondo said he is concerned about travelers at current hot spots, but has not yet decided on the best course of action to protect his condition from reinfection. Rhode Island deployed the National Guard to enforce its rules, which include wearing masks in public. She said they are seeing over 90% compliance and that is making a big difference.
“This is not magic,” concluded Raimondo, “it is the good execution of a good plan.”
Stay away from SPACs
In his “No Huddle Offense” segment, Cramer again warned viewers to stay away from risky SPACs, or special-purpose acquisition companies like the ones that brought the Draft Kings
( and Nikola Motors DKNG) – Get report ( I publish recently. NKLA) – Get report
Cramer said DraftKings is a great long-term story, but with the return of the sports in question and stocks up 29% in the past month, the company’s assessment is unwarranted. The company has just issued 33 million shares in a secondary offering and those shareholders are already underwater.
Nikola is a manufacturer of product-less, non-selling hydrogen fuel cell trucks with a valuation of $ 27 billion. The company also hit the market by merging with a SPAC and is now planning to offer 77 million shares in a secondary offering that is still priceless. Cramer said experts are already calling Nikola, which is not a good sign.
SPACs are risky and highly speculative, Cramer concluded. There are 33 SPACs with more than $ 10.5 billion in capital so far in 2020, which means these two deals will not be the last we see.
Here is what Jim Cramer said about some of the actions that callers offered during the Mad Money Lightning round on Wednesday night:
Marriott Vacations Around the World
(: “The timeshare business is good. When it shrinks, it will be quite good.” HOLIDAYS) – Get report
(: “I like companies that facilitate sales.” ZI) – Get report
(: “I like Intuit HRB) – Get report (“ INTU) – Get report
(: “Everyone wants to look good at their Zoom meetings. That’s a good one.” ULTA) – Get report
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At the time of publication, Cramer’s Action Alerts PLUS had a position in FB, AAPL, AMZN, MSFT, CRM, CVS.