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On CNBC's “Mad Money Lightning Round,” Jim Cramer praised PayPal (NASDAQ:PYPL).
“The financial techs have come back in style, and Alex Chriss [CEO of PayPal] is a very good manager,” he said.
On Aug. 20, PayPal expanded its strategic partnership with Adyen to offer Fastlane in the U.S.
Cramer also recommends buying Flutter Entertainment plc (NYSE:FLUT), the parent company of sports betting app FanDuel.
“As you get closer to football season, we start seeing a lot of daily fantasy, we start seeing a lot of people playing, betting on these gains, he said. “This could be very good for Flutter, which is a very well-run company.”
On Aug. 13, Flutter Entertainment reported earnings of $2.61 per share, up from $1.67 year-over-year, and revenue of $3.611 million, up from $3.001 million from the same period last year. The company reported a total online gross gaming revenue (GGR) market share of 38% including sportsbook GGR share of 47%, net gaming revenue share (NGR) of 51% and iGaming GGR share of 25%.
“That is just such a dice roll,” when asked about Liquidia Corporation (NASDAQ:LQDA). “This one is just too much of, what I would say, a black box.”
The “Mad Money” host is not a fan of Crown Castle Inc. (NYSE:CCI). “Not enough well-run management there,” he added.
On Aug. 1, Crown Castle announced the pricing of senior notes offering.
Cramer said ring the register on AST SpaceMobile (NASDAQ:ASTS).
AST SpaceMobile recently said its first five commercial satellites are on target for orbital launch in the first half of September.
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Image: Courtesy of PayPal
