Jim Cramer Prefers Square To Marqeta, Recommends Trimming Positions In This Stock

On CNBC’s "Mad Money Lightning Round," Jim Cramer said that since Cassava Sciences Inc SAVA doesn't have a pipeline, what will propel the stock is a takeout but it's unclear whether the company is going to get a takeout. It's an "incredibly speculative situation," he added.

When asked about FedEx Corp FDX, Cramer said he had sold United Parcel Service Inc UPS Thursday as the stock was "up in a straight line,” along with FedEx. He recommended some trimming of positions because the stock keeps disappointing.

Regarding Dow Inc DOW, Cramer disagrees with the market view that some chemical prices, including polyurethane, are peaking. He recommended to get the stock at a 5%, while commenting that CEO Jim Fitterling was doing "a terrific job."

Cramer said he considers Marqeta Inc MQ "another one of these Squares." Although the stock could rise, he said he preferred Square Inc SQ.