Jim Cramer Shares His Thoughts On T-Mobile, Veeva Systems And More

On CNBC’s "Mad Money Lightning Round," Jim Cramer said although he likes Wheels Up Experience Inc. UP CEO Kenny Dichter very much, he will not recommend SPACs unless they're profitable. After having a look at this one, Cramer said it's also not "making a lot of money, and that’s the problem."

When asked about Covetrus, Inc. CVET, he said, "I actually think this group is so oversold." Cramer said he likes Covetrus, as he likes prescription management and pets.

Cramer said Veeva Systems Inc. VEEV is at "56 times earnings. You’re going to have to give it some berth. That means it’s going to be able to still go down a little before it gets cheap, and we want cheap."

The "Mad Money" host said T-Mobile US, Inc. TMUS CEO Mike Sievert is a "winner. If I had to start a position in T-Mobile, I probably would start some right here."

Price Action: Shares of Wheels Up fell 1.2% to close at $4.05 on Tuesday, while Covetrus shares gained 2.1% to settle at $16.61. Shares of Veeva Systems and T-Mobile dropped 2.5% and 1.5%, respectively.