Cramer's lightning round: TJX Companies is 'not what people want right now'

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Zix Corp: "I know that one is email encryption. When I think of encryption, I think of IBM, which is an incredibly cheap stock that's bringing in a lot of value."

GW Pharmaceuticals: "I like it a lot. I think that it is the only one that really has pharmaceutical cannabis, and therefore it's great.

Shopify: "The fact is that I like the stock very much, that' the conviction, but the discipline [strategy] says that you cannot be up 300% without taking some off. I want you to take out your cost basis tomorrow and I wantyou to play with the house's money."

Snowflake: "[CEO] Frank Slootman is unbelievable. If there's ever a company that's going to be able to make money for you, even though it sells at 100-times earnings, it's one that is run by Slootman. But please understand: this is the most expensive stock in the market, so they must execute and execute perfectly. I believe Slootman will, but there are many doubters because it is so expensive."

TJX Companies: "It's an indoor store. It's not what people want right now. It does have some good inventory coming in, but it is not going to scream higher, I don't think."

Draftkings: "I say you let it cool off, but I think the company is going to own the space, and that's what's so good about it."

Disclosure: Cramer's charitable trust owns shares of TJX Companies. Draftkings is a sponsor of "Bull Market Fantasy with Jim Cramer."

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