Wait For A Catalyst In Canopy Growth - Cramer's Lightning Round (8/7/18)

Aug. 08, 2018 6:45 AM ETCGC, GTT, VSLR, FMC12 Comments

Summary

  • GTT Communications is inexpensive.
  • Cramer doesn't want to be levered to solar stocks.
  • FMC Corp is worth a buy.

Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Tuesday, August 7.

Bullish Calls

GTT Communications (GTT): It's an inexpensive stock and their quarter was not as bad as people thought. Wait for the stock to calm down as it's in freefall.

FMC Corp. (FMC): After a nice pullback, it's worth a buy. The crop protection and lithium business is good.

Bearish Calls

Canopy Growth (CGC): The stock went up on the Canadian vote to legalize recreational marijuana. Now that the vote is done, the stock will be under pressure till they come out with beverages, candies, food and chewing gum. Once that happens, the stock will move again.

Vivint Solar (VSLR): Cramer said he did not want to be levered to solar stocks when the CAFE standards are being cut.

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This article was written by

Mohit is the former Managing Editor for the Breaking News (India team) at Seeking Alpha. Currently working with Benzinga, he was with Seeking Alpha from January 2010 until August 2020. Before joining Seeking Alpha in January 2010, he worked with a start-up equity research firm in the capacity of a Team Leader tracking US company events and results.Born in the U.A.E, he spent most of my growing up years in Dubai. Currently, he resides in Mumbai, India.
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