Cramer's lightning round: Take your cost basis out of GrowGeneration

• 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.

Mitek Systems: "It's a good company."

GrowGeneration: "I'm not going to recommend it at $63 when I recommended it at $14.50. Anybody who bought it off my suggestion, I want your [cost] basis taken out tomorrow, tomorrow morning."

Magnite: "Even though the stock was down very badly today, I'm going to tell you to buy."

Qualcomm: "Qualcomm's a very good company. … They are hostage to this problem with foundries. They can't get the chips, and because of that, they're going to have to be in the penatly box for a full quarter. They will come out of it, but you go with a Skyworks Solutions, not them, because Skyworks build their own foundries and will never let themselves be hostage."

Westport Fuel Systems: "The stock's had a big run. I'm not recommending buying it at this level."

Fubotv: "There are so many better stocks than that, but I know it is part of the YOLO ride, so I'm not going to be against it if you actually own it."

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the "Mad Money" website? [email protected]

Source: Read Full Article