Why Jim Cramer Recommends Buying Trade Desk
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he could see a “short-term trade” in Gogo Inc. (NASDAQ: GOGO) following the reopening of the world with people expected to travel aggressively.
The “Mad Money” host said The Trade Desk, Inc. (NASDAQ: TTD) reported an exceptional quarter and is a great alternative to Alphabet Inc’s (NASDAQ: GOOG) Google. He recommends buying the stock.
When asked about Piedmont Lithium Inc. (NASDAQ: PLL), Cramer said he doesn’t care for the lithium stocks as they are “too high.”
Price Action: Shares of Gogo fell 0.3% to close at $15.03, while Trade Desk shares gained 3.3% to settle at $91.55 on Thursday.
Piedmont Lithium’s stock closed at $62.97, up 7.9%.
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