Jim Cramer on Nokia: “Hold on to It, You Got Another 30% Going on There”

Nokia Oyj (NYSE:NOK) was among the stocks Jim Cramer reviewed on Mad Money while discussing the recent market rotation. Toward the end of the lightning round, a caller asked: “What the heck is going on with Nokia?” In response, Cramer said:

First of all, what Kitty has done here is make a lot of money. Now, there are a lot of people going to play on different predictions stuff and do all sorts of silly things. The fact is, Kitty looked at the situation, she decided she liked Nokia, she bought it. And Kitty, hold on to it, you got another 30% going on there.

Stock market data. Photo by Burak The Weekender on Pexels

Nokia Oyj (NYSE:NOK) develops mobile, fixed, and cloud network solutions, including 5G, optical, and IP network technologies. A caller asked about the stock during the January 5 episode, and Cramer responded:

Oh, Nokia is tough… Nokia is very tough. And I’ll tell you why Nokia is tough because it’s up against Apple. It’s up against a lot of different great companies. Hey, by the way, Apple was down badly today. I have to tell you, I think this is a pretty good level to buy some Apple, down four bucks. I think, buy a little Apple and then it comes down a little more, buy some more.

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