Cramer's Lightning Round: 'I would not abandon' Cava
Why does Jim Cramer suggest buying more Cava shares?
Jim Cramer suggests buying more Cava shares because he believes the company has the potential to become a successful brand like Chipotle. He advises not to abandon the stock even after a significant spike in its price and to consider purchasing more if the price drops.
What does Jim Cramer discuss during the "Mad Money" lightning round?
During the "Mad Money" lightning round, host Jim Cramer rapidly answers callers' stock questions, providing his insights and opinions on various stocks and companies6. In this specific segment, he shares his thoughts on Viking Therapeutics, Cava, Rubrik, Forward Air, and Bristol Myers Squibb.
What potential does Jim Cramer see in Cava?
Jim Cramer sees potential in Cava, a fast-casual Mediterranean restaurant chain, comparing it to Chipotle. He believes it could be a promising stock and advises not to abandon it, but rather to buy more if the price comes down. Cava plans to expand from 236 locations in the U.S. to 1,000 by 2032.