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Cramer Weighs In On Baidu, Clorox And More

On CNBC's "CNBC's "Mad Money Lightning Round," Jim Cramer said he's not going to fight Reinvent Technology Partners (NYSE: RTP) because this SPAC is below $10.
byCraig Jones
June 30, 2021
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On CNBC’s “CNBC’s “Mad Money Lightning Round,” Jim Cramer said he’s not going to fight Reinvent Technology Partners (NYSE:RTP) because this SPAC is below $10.

Baidu Inc ADR Class A (NASDAQ:BIDU) is Cramer’s second favorite Chinese stock after Alibaba Group Holding Ltd – ADR (NYSE:BABA).

Instead of DigitalOcean Holdings Inc (NYSE:DOCN), Cramer would buy Adobe Inc (NASDAQ:ADBE).

Cramer is betting Linda Rendle is going to make you money if you buy Clorox Co (NYSE:CLX) under $180.

23Andme Holding Co (NASDAQ:ME) is a really good company, said Cramer.

 
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By Lisa Levin
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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.

DSGN