Benzinga - by Priya Nigam, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Veeva Systems Inc. (NYSE: VEEV) is a buy, even though it’s a "high price to earnings multiple."
When asked about Marvell Technology, Inc. (NASDAQ: MRVL), he said, "I think you buy some here, and then you buy some if it comes lower." The company’s shares surged more than 50% year-to-date.
Cramer said U.S. Bancorp (NYSE: USB) is an absolutely terrific bank, but "these regional banks are so that I just can’t recommend them because I’m afraid people will buy them, and they’ll go down again when they report."
"I think Frank Slootman’s doing terrific stuff," Cramer said when asked about Snowflake Inc. (NASDAQ: SNOW). "I also am concerned about high multiple stocks, and I don’t want to go all in on this one. I like it though," he added.
Cramer said American Electric Power Company, Inc. (NYSE: AEP) has "got to come down more in order to make it cheaper versus bonds."
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When asked about Gray Television, Inc. (NYSE: GTN), he said, "I just can’t go there. I’m not afraid, because that’s not my style, it’s just that TV is so hard."
The "Mad Money" host said Teekay Corporation (NYSE: TK) is the best crude oil carrier. "I’m not going to dissuade you. I think it’s fine," he added.
Price Action: Shares of Teekay gained 1.4% to close at $6.40, while Gray Television fell 1.6% to $6.19 on Monday. American Electric Power rose 2% to settle at $73.66, while Snowflake gained 1.2% to close at $161.81 on Monday. U.S. Bancorp shares climbed 0.5% to close at $32.01, while Marvell fell 0.5% to settle at $54.27 on Monday. Shares of Veeva added 1.7% to close at $213.16 on Monday.
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