Jim Cramer on Root: “You Got to Keep Looking at Something Else”

“No, you got to support looking astatine thing else. It’s not going to bash it for you. It’s really an costly stock, adjacent though it doesn’t look similar it, due to the fact that I don’t deliberation each the net are going to travel through. But you cognize what? You got to deliberation astir Lemonade. I’m not kidding.”

A banal marketplace chart. Photo by Arturo A connected Pexels

Root, Inc. (NASDAQ:ROOT) offers car and renters security done its app, website, and different integer channels. During the lightning circular of August 11 episode, a caller inquired astir the institution and the Mad Money big responded:

“I cognize Root… And by the way, Lemonade is the 1 that I’m looking astatine for, erstwhile it comes to insurance. Lemonade is your play. And by the way, I deliberation Lemonade is disrupting the manufacture to the constituent wherever we’re seeing little rates, possibly. I cognize that due to the fact that we’re seeing a batch of security companies speech astir little rates, including Berkshire Hathaway.”

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