Jim Cramer: This Tech Stock Is 'Very Interesting, Intriguing'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Sportradar Group AG (NASDAQ:SRAD) is a “very interesting, intriguing” stock and added that he likes the whole space.

Adding support to his choice, Sportradar, on March 19, reported better-than-expected fourth-quarter sales. The company also announced a deal to acquire IMG ARENA from Endeavor Group Holdings (NYSE:EDR), expanding its global sports betting rights and strengthening its presence in top sports like tennis, soccer, and basketball.

Cramer said that Celanese Corporation (NYSE:CE) has struggled and he is not happy with how it is doing.

Supporting his view, Evercore ISI Group analyst Stephen Richardson, on March 24, maintained Celanese with an In-Line rating and lowered the price target from $85 to $75.

“Overearning is the biggest problem I have with AppLovin (NASDAQ:APP),” Cramer said.

On Thursday, short seller Muddy Waters issued a critical report on the company. Muddy Waters alleged that its e-commerce operations rely heavily on retargeting, provide low incremental value and violate the terms of service of major digital ad platforms.

The Mad Money host said CoreCivic, Inc. (NYSE:CXW) is “ready to move again.”

As per the recent news, CoreCivic, on March 5, entered into a 5 year-lease agreement with Target Hospitality.

Price Action:

• Sportradar shares fell 2.3% to settle at $21.98 on Friday.
• Celanese shares declined 1.8% to close at $57.20 during the session.
• Applovin shares gained 4.1% to settle at $272.38.
• CoreCivic shares slipped 1% to settle at $20.41 on Friday.

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