Why Jim Cramer Likes Grab Holdings

On CNBC’s "Mad Money Lightning Round," Jim Cramer said $Veru Inc(VERU.US)$ 's Enobosarm was granted fast track designation for the treatment of AR+ ER+ HER2- metastatic breast cancer by the FDA. With the company’s stock trading at $5 and not moving higher, he said the stock should have been higher following the news.

Cramer said he is not recommending $NIO Inc(NIO.US)$ or any of the Chinese stocks, as it’s not the same kind of China. "It is a Communist country that does not seem to favor capitalist development anymore."

The "Mad Money" host said he likes $Grab Holdings(GRAB.US)$ , adding that it has "got much more than just Uber."

Cramer said $International Paper(IP.US)$ is a cheap stock and he is not in favor of the stock that’s always cheap. He likes shares that move higher.

Cramer wanted to have a look at $SMART Global(SGH.US)$ again, as this is "involving smart phones, and smart phones are under pressure here."

Price Action: Shares of Veru fell 2.2% to close at $5.34, while NIO lost 1.3% to $28.91 on Monday. Shares of Grab Holdings and International Paper lost 3.1% and 0.6%, respectively, in the session. SMART Global’s stock, however, added 2.7% to settle at $66.34 on Monday.