Jim Cramer Recommends Rubrik, Says Micron Is 'Just Ok', Lululemon Is Worth 'Small Position'

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Rubrik (NYSE:RBRK), which recently named Kavitha Mariappan as Chief Transformation Officer.

When asked about Lululemon Athletica inc. (NASDAQ:LULU), he said, “I think if you want to put a small position on LULU you can do it now.”

On March 27, Lululemon reported fourth-quarter revenue of $3.61 billion, beating the consensus estimate of $3.57 billion. The company reported fourth-quarter earnings of $6.14 per share, beating analyst estimates of $5.85 per share, according to Benzinga Pro.

Cramer recommended buying Take-Two Interactive (NASDAQ:TTWO), adding that the stock has been going higher endlessly because of the new edition of Grand Theft Auto, which is scheduled to come out this year.

Take-Two Interactive will report financial results for its fourth quarter, after the closing bell on Thursday, May 15.

Micron Technology, Inc. (NASDAQ:MU) is “just ok” as the last couple quarters were not great, Cramer said. “I don't know a catalyst to get it to go higher.”

On April 28, UBS analyst Timothy Arcuri maintained Micron Technology with a Buy and lowered the price target from $130 to $92.

The Mad Money host said FirstEnergy Corp. (NYSE:FE) is not a “great energy company. But, you know what, it sells at a little bit cheaper than the others, and I think it's a buy.”

FirstEnergy, on April 23, posted better-than-expected earnings for its first quarter.

Price Action:

• Lululemon shares gained 0.2% to settle at $268.52 on Monday.
• Take-Two Interactive shares gained 0.1% to close at $225.55 during the session.
• Rubrik shares fell 0.1% to settle at $69.76 on Monday.
• Micron shares fell 1.5% to close at $78.56.
• FirstEnergy shares gained 0.9% to close at $42.72 on Monday.

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