BofI Is Inexpensive - Cramer's Lightning Round (4/30/18)

Summary

• Alibaba is a good company despite the poor chart.
• Skechers is going down on concerns about the footwear sector.
• First American Financial is falling along with the not-so-trendy housing sector.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Monday, April 30.

Bullish Calls

Alibaba (BABA): Cramer likes the stock although the chart looks bad.

BofI Holding (BOFI): The banks are going up and this stock is inexpensive with a low PE multiple.

Verisk Analytics (VRSK): It is fintech for the insurance business. Cramer likes the stock.

Bearish Calls

First American Financial (FAF): Anything close to the housing segment is not working and Cramer does not have the energy to fight the trend.

Coherent (COHR): "Laser photonics has been just a nightmare. I can't counsel anything other than don't buy. But I can't have you sell it down here – it's too low."

Ionis Pharmaceuticals (IONS): "CEO Stan Crooke did a good job negotiating that deal. The problem is, first of all, there's competitors coming into that space. But second, a lot of people feel it gave away the upside. I'm not one of those people, but I'm not going to fight the trend. You'll hear that from me a lot in the Lightning Round of late. I can't fight the trend because when things start going down, they don't stop going down."

Skechers USA (SKX): It's going down on margin concerns and overall trend in the footwear sector. Don't fight the trend.

Corning (GLW): People feel that with Sprint (S) and T-Mobile (TMUS) merging, there will not be much requirement for telecom equipment and due to that trend the stock is going down. Cramer does not agree with the thesis.

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