Why Jim Cramer Likes Grab Holdings

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Veru Inc. VERU's Enobosarm was granted fast track designation for the treatment of AR+ ER+ HER2- metastatic breast cancer by the FDA. With the company’s stock trading at $5 and not moving higher, he said the stock should have been higher following the news.

Cramer said he is not recommending NIO Inc. NIO or any of the Chinese stocks, as it’s not the same kind of China. "It is a Communist country that does not seem to favor capitalist development anymore."

The "Mad Money" host said he likes Grab Holdings Limited GRAB, adding that it has "got much more than just Uber."

Cramer said International Paper Company IP is a cheap stock and he is not in favor of the stock that’s always cheap. He likes shares that move higher.

Cramer wanted to have a look at SMART Global Holdings, Inc. SGH again, as this is "involving smart phones, and smart phones are under pressure here."

Price Action: Shares of Veru fell 2.2% to close at $5.34, while NIO lost 1.3% to $28.91 on Monday. Shares of Grab Holdings and International Paper lost 3.1% and 0.6%, respectively, in the session. SMART Global’s stock, however, added 2.7% to settle at $66.34 on Monday.

Photo courtesy of Grab Holdings.