Benzinga | Jun 23, 2021 12:44PM EDT

Cramer Weighs In On XPO Logistics, Qualcomm And More

On CNBC's "Mad Money Lightning Round," Jim Cramer said XPO Logistics Inc (NYSE:XPO) is an excellent company and it will be worth even more after the spin-off. He would be a buyer.

Magna International Inc. (NYSE:MGA) is going to be a winner, said Cramer. He loves the company.

Loandepot Inc (NYSE:LDI) is okay, but the problem is that this is a very commoditized business, said Cramer. He advised a viewer to buy a dividend stock or a more consistent player in the space.

Torchlight Energy Resources Inc (NASDAQ:TRCH) is a meme stock that managed to raise money, said Cramer. He is a believer in meme stocks that have raised money.

Cramer likes QUALCOMM, Inc. (NASDAQ:QCOM) a lot and he thinks it is a buy here.