Jim Cramer: This Tech Stock Is 'Very Interesting, Intriguing'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Sportradar Group AG SRAD is a “very interesting, intriguing” stock and added that he likes the whole space.

Adding support to his choice, Sportradar, on March 19, reported better-than-expected fourth-quarter sales. The company also announced a deal to acquire IMG ARENA from Endeavor Group Holdings EDR, expanding its global sports betting rights and strengthening its presence in top sports like tennis, soccer, and basketball.

Cramer said that Celanese Corporation CE has struggled and he is not happy with how it is doing.

Supporting his view, Evercore ISI Group analyst Stephen Richardson, on March 24, maintained Celanese with an In-Line rating and lowered the price target from $85 to $75.

“Overearning is the biggest problem I have with AppLovin APP,” Cramer said.

On Thursday, short seller Muddy Waters issued a critical report on the company. Muddy Waters alleged that its e-commerce operations rely heavily on retargeting, provide low incremental value and violate the terms of service of major digital ad platforms.

The Mad Money host said CoreCivic, Inc. CXW is “ready to move again.”

As per the recent news, CoreCivic, on March 5, entered into a 5 year-lease agreement with Target Hospitality.

Price Action:

• Sportradar shares fell 2.3% to settle at $21.98 on Friday.
• Celanese shares declined 1.8% to close at $57.20 during the session.
• Applovin shares gained 4.1% to settle at $272.38.
• CoreCivic shares slipped 1% to settle at $20.41 on Friday.

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