Why Jim Cramer Likes Illumina, SoFi And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said SoFi Technologies, Inc’s SOFI CEO Anthony Noto is "doing a very good job." The company’s stock tumbled after the company announced a common stock offering by selling shareholders.

"People felt like they got hurt by it when the secondary occurred, and now I think it’s bottomed," he added.

Cramer said American Outdoor Brands, Inc. AOBC is a gun play, with the company having lots of great brands. "I don’t like to speculate ahead of the quarter," he commented.

When asked about Ollie's Bargain Outlet Holdings, Inc. OLLI, the "Mad Money" host said it's a "tough one" as the previous quarter came in quite weak, which resulted in JPMorgan downgrading the stock from Neutral to Underweight.

"This is a very tough market. If it’s good, it doesn’t go up. If it’s bad, then look out," he added.

Cramer said Illumina, Inc. ILMN is a "fantastic company" with the firm having Dr. Scott Gottlieb on its board. He added that the company is a winner as they made a "fantastic acquisition." He recommended buying the stock.