Jim Cramer explains why investors need to be cautious when it comes to cannabis and Chinese stocks.
CNBC's Jim Cramer took the time on Thursday to explain why he will not recommend investors to buy any cannabis or Chinese company stocks—outside of a handful of names.
Out of the Chinese market, Cramer recommends buying Alibaba, a company he likened to Amazon. In addition to China's biggest ecommerce business, he likes Baidu and Nio if the stocks pullback. He did warn viewers, however, that he has not done his homework on the latter company, the connected electric vehicle manufacturer that has gained more than 50 percent this year.
With $30 billion of revenue run rate and 45 percent year-over-year growth, Amazon Web Services is just getting started, he said. "They're absolutely similar [in Europe] ... These are exactly the same theme," he said."It's about health and wellness, it's a convenience, it's sustainability, and it's affordable."The CEO of Informatica, a private enterprise cloud data management company that once traded on the Nasdaq, told Cramer that the company has made an acquisition of a startup in Toronto to help its clients boost personalized engagement.
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