Jim Cramer Says This Tech Company Reported A 'Miserable' Quarter: 'They're In The Penalty Box'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Confluent, Inc. CFLT is not making any money, and it reported a "miserable" last quarter. "They’re in the penalty box. We have to wait two quarters before we see whether that’s a buy or not," he added.

"I say no to China," Cramer said about Alibaba Group Holding Limited BABA.

Representative Laurel Lee (R-Fla.) faced criticism on social media last week for recently disclosing her stock holdings in Alibaba. The trading practices of Congress members are under scrutiny due to potential conflicts of interest. According to Quiver Quant's Congress trading dashboard, Lee and her husband, ex-Florida state Senator Tom Lee, sold between $100,000 and $250,000 worth of Alibaba shares on Dec. 29, a transaction they reported on Jan. 4.

When asked about Affirm Holdings, Inc. AFRM, Cramer said, "I think that it’s a sucker’s game to try to short this stock, because it is just too loved, and Max Levchin is too smart."

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"Life’s too short to recommend a tobacco stock," the "Mad Money" host said when asked about Altria Group, Inc. MO.

Price Action: Shares of Altria fell 0.6% to close at $41.34, while Affirm fell 2.4% to $41.79 on Friday. Alibaba fell 0.8% to settle at $71.84, while Confluent shares slipped 0.7% to close at $22.31 during Friday’s session.

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