I don’t believe in Coinbase

  • It’s that time again! “Mad Money” host Jim Cramer calls the lightning bell, which means he gives his answers to callers’ stock questions at lightning speed.

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Chewy’s share performance so far this year.

Chewy: “They’re swinging in a way that makes me feel like they have the right numbers. I’m excited about the fact that they’ve got religion about making money, too.”

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Enterprise Products Partners year-to-date share performance.

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Coinbase Global’s stock performance so far this year.

Coinbase Global: “I don’t believe in Coinbase because I don’t like companies that pick fights with the SEC, it’s just too difficult. The SEC plays with unlimited capital and they are not to be trifled with.”

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Triple Flag Precious Metals’ share performance so far this year.

Triple Flag Precious Metals: “I like that company so much, I think it’s terrific, and I like precious metals. By the way, the Newmont deal, there’s so much going on in the gold world that I like so much right now.”

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GSK PLC’s share performance so far this year.

GSK PLC: “I think Dame Emma Walmsley is putting together a very good package of vaccines that will reflect very well on the company’s future earnings. I would say you can buy GSK.”

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Amgen’s share performance so far this year.

Amgen: “It’s a cheap stock, but it’s cheap for a reason. It doesn’t have the earning power that I really want. I think the company needs some shake-up, there are so many other pharmaceutical companies that I like better. I have to send you to Eli Lilly.”

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IONQ’s share performance so far this year.

IONQ: “It’s exciting, but it’s losing money, and I remember Jensen Huang first saying to me, ‘listen, quantum computing is where it wants to be, but it’s not there yet.'” This company is losing too much money to that I can get behind, but I like the way you feel. There will come a time, but not yet.”

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Snowflake’s share performance so far this year.

Snowflake: “Snowflake is kind of a clean-the-runway for the cloud, and I think they’re great at it. I’ll support Frank Slootman, even if the company isn’t making money right now, I’ll wave my rules and say, ‘buy Snowflake.

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