Jim Cramer talked about oil, Citigroup (C), burger joints and biotechs when answering viewer questions from social media on Friday. Cramer said oil continues to weigh on the market, and that oil will be lower for longer. Cramer said Citigroup reported a good quarter, and it sells at a discount to its book value, but in the current market environment, it’s hard for stocks to rise. A viewer asked if consumers will stop buying expensive burgers if the U.S. economy slows, and asked Cramer’s opinion on Red Robin (RRGB). Cramer said he likes Jack in the Box (JACK) and Panera (PNRA) in the restaurant group, along with Starbucks (SBUX). Cramer also discussed Chipotle (CMG), Shake Shack (SHAK) and Darden (DRI). Another viewer asked whether Home Depot (HD) is a buy. Cramer said Home Depot and Kroger (KR) are two of his favorite stocks, but he’s not buying them now due to the bear market. Cramer also said stocks like Novavax (NVAX) and other biotechs are falling on negative news from Sarepta (SRPT), but a stock like Novavax is good for a young investor with a long time horizon. Cramer is portfolio manager of Action Alerts PLUS. Send your questions to Cramer’s Facebook (FB) page or find him on Twitter (TWTR). Use hashtag Cramer Q.
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