Mad Money

Cramer's lightning round: I'm starting to warm up again to Wells Fargo

Key Points
  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Ares Capital: "We do not know what they're really investing in. That has caused a problem. a lot of people have lost money in these stocks. I am not going to recommend it."

UBS: "It's not that great a dividend. It's 3.28%. Wells [Fargo] has a better dividend." Cramer said he's starting to warm up again to Wells Fargo because it announced it would stop making auto loans to most independent car dealerships, "which made me think that they've got horse sense. [CEO] Charlie Scharf's a good guy."

Arcturus Therapeutics: "It's another RNA play and a lot of people are really interested in RNA. Moderna is RNA. It's a speculative stock, as long as you don't put too much of your capital in it. I'm going to OK it, because I believe in the RNA technology."

Alteryx: It's a buy.

Lyft: "Now you've got the problems in cities, you've got Covid — it's just a little too much heavy lifting for Lyft."

Correction: This story has been updated to reflect that Wells Fargo announced it would stop making auto loans to most independent car dealerships. The business segment Wells said it would exit was misstated in an earlier version.

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