Key insights
- Jim Cramer offered stock recommendations during his 'Lightning Round,' advising viewers to buy Reddit slowly due to its valuation, while expressing caution on Starwood Property Trust and Blue Owl Capital Corporation. He noted Ralliant and Borgwarner as strong performers but cautioned about their parabolic price action, suggesting a more measured approach for investors.
In this article
Starwood Property Trust: “It has not been a good stock, and I have not been recommending it.”
Ralliant: “That is a good company, but it has gone parabolic.”
Borgwarner: “It’s been an absolute winner, but again it’s another parabola stock.”
Reddit: “I like it. I think it’s got a very good, unique property, but you can’t buy it all at once because it sells at 29 times earnings...Buy Reddit very slowly, not aggressively.”
Blue Owl Capital Corporation: “I have not recommended anyone’s business development company. I can’t start doing it now.”
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