Jim Cramer answers viewers’ Twitter questions from the floor of the New York Stock Exchange Wednesday, offering his opinions on why he likes amusement parks like Six Flags (SIX) and food companies like Kraft Heinz (KHC) in the current market environment. Cramer’s first question was on why Ambarella (AMBA) shares sold off following its earnings report. Cramer said the conference call was not good, with the company revealing that its client GoPro (GPRO) was not doing as well as they liked. Additionally, several analysts were asking about Qualcomm (QCOM) developing cameras for drones. ‘I have said Ambarella is a great stock in a bull market and a terrible stock in a bear market, and that’s proven true,’ said Cramer, who added that given what Ambarella said about GoPro, that’s not a stock he can tell investors to buy or hold. Another viewer asked if Apple (AAPL) will go up in September, and Cramer responded ‘I don’t have that kind of crystal ball.’ One viewer asked if Tesla (TSLA) would hit a $700-billion valuation by 2025, as CEO Elon Musk previously said. Cramer responded that he doesn’t think it will. Cramer does like theme park stocks like Six Flags (SIX) and Cedar Fair (FUN), citing lower gasoline prices. Send your Twitter questions to @JimCramer, using #CramerQ.
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