Cramer Likes Azek And SoFi, But Said Owning This Stock Could Be Dreadful

On CNBC's "Mad Money Lightning Round," Jim Cramer said MyMD Pharmaceuticals Inc (NASDAQ: MYMD) is very speculative and one needs to be gutsy to buy it.

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said MyMD Pharmaceuticals Inc (NASDAQ:MYMD) is very speculative and one needs to be gutsy to buy it.

Cortexyme Inc (NASDAQ:CRTX) is in a crowded space that has some strong companies. Cramer said being an “also-ran” in that business could be dreadful.

With Hydrofarm Holdings Group Inc (NASDAQ:HYFM) down to around $12, it’s a stock to hold, the “Mad Money” host said. While cannabis stocks have performed badly, this company is more than cannabis, he explained.

Azek Company Inc’s (NYSE:AZEK) product is really valuable and people want it. Cramer said he was a “huge believer in Azek” and thinks it’s a great stock at the current $37.

Cramer expects SoFi Technologies (NASDAQ:SOFI) to rebound. He said he has tremendous faith in CEO Anthony Noto and recommended to buy the stock.

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When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

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