Jim Cramer Says This E-Commerce Giant 'Is One Of The Only Ones' That 'Has Really Got The Momentum In China'

Zinger Key Points
  • Jim Cramer endorses buying Topgolf Callaway, Rivian; expresses caution towards JD.com, Lucid Group.
  • Mixed stock performance seen; Zoetis outpacing IDEXX in animal health, Teladoc Health reports strong quarter.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Topgolf Callaway Brands Corp. MODG stock has been "disappointing, and I think it’s rather strange because the business itself is very good." He recommended buying the stock.

When asked about JD.com, Inc. JD, he said, "This is so tough for me because Alibaba Group Holding Limited BABA is one of the only ones I think has really got the momentum in China, and they’re also dividing in two, you can get their cloud business, which is really terrific, and that’s the only one. "

Cramer said he likes IDEXX Laboratories, Inc. IDXX, but Zoetis Inc. ZTS is "crushing them. I think Zoetis is the way to go when it comes to animal health."

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The "Mad Money" host said Teladoc Health, Inc. TDOC reported a very good quarter. "I think a lot of people are going to upgrade the stock now that they finally showed some upside momentum. I think you’re ok for a trade, but not for long," he added.

Cramer said he doesn’t like Lucid Group, Inc. LCID and likes Rivian Automotive, Inc. RIVN. "I think Rivian’s real. I know there’s a big short position, but I think Rivian’s delivering exactly what you want, and I think they’ve got, they’ve got a team there that I think is a little bit better than people realize," he noted.

Price Action: Shares of Topgolf Callaway Brands fell 2% to close at $19.45, while JD.com fell 2.9% to $37.98 on Thursday. Alibaba shares fell 1.8% to settle at $95.44, while IDEXX Laboratories slipped 1.8% to close at $545.96 during Thursday’s session. Zoetis shares fell 1.7% to $188.69, while Teladoc Health fell 3.3% to $27.96. Lucid Group fell 3.9% to $6.89, while Rivian shares declined 4.1% to settle at $26.05 on Thursday.

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