Cramers lightning round: Fast Acquisition Corp is a buy – CNBC
Abbott Laboratories: “Abbott Labs is a great stock … You’re in it now for the diabetes glucose monitoring, but also because we’re going to start having a lot of elective surgery again. I think you’re making a good move.”
Fast Acquisition Corp: “This is a very good example of a great operator, Tilman [Fertitta], whom I think the world of. … The guy is just smart as a whip. I want to invest with Tilman. This would give me a chance to do so. It’s a buy.”
Yelp: “I actually felt that when people start going out, Yelp’s business is going to return to being a little bit better. I had been negative on Yelp, and I am much-less negative on Yelp with the reopening play, but I totally hear what you’re saying from the point of view as a restauranteur. It is a very tough thing alike.”
Virgin Galactic: “This is an age-and-suitability issue. [Older inestors] I would say, ‘listen, you don’t want to be in Virgin Galactic. That’s a mistake. It may take 40 years for that thing to get off the ground. But you’re young and you want to hold it for a while. Maybe space travel becomes the norm.’ So it’s fine for you, but not fine for others.”
Disclosure: Cramer’s charitable trust owns shares of Abbot Laboratories.