Jim Cramer’s Thoughts on These 13 Stocks

7. Snap Inc. (NYSE:SNAP)

Number of Hedge Fund Holders: 44

A caller asked if it was a good idea to buy Snap Inc. (NYSE:SNAP) at the low price the stock is trading at and Cramer replied:

“No, it’s at a low price because it’s doing quite poorly. I’m not stating the obvious, I’m just saying that, normally, if there was something it was doing really well, it was down here, I would say absolutely yes. But I’ve not seen any sign that these guys really have a sense of urgency, so therefore I’m going to say no. I don’t think it represents value.”

Snap (NYSE:SNAP) provides Snapchat, a visual messaging platform. The company also offers Snapchat+, Spectacles, and advertising tools that include augmented reality and image or video-based formats. In March, Cramer suggested that the company might benefit from a new CEO as he said:

“They did too much stock-based compensation. They didn’t get the balance sheet right… I mean, there’s a possibility they make some money. I got an idea for them, new CEO. By the way, there’s no crime in that. You just swallow your pride and you just say, hey, you know what, I’m gonna let someone else do it.”