Cramer's lightning round: Applied Materials is a buy

Alibaba Group Holding Ltd: “I think Alibaba’s going higher, but I’m not recommending any Chinese stocks. … The Chinese economies are just too hard to deal with.”

ChargePoint Holdings Inc: “This is the kind of speculative stock that the Fed does not want you to win on, so let’s play with the Fed’s rules.”

Planet Fitness Inc: “I think the franchise is doing well. I don’t know, I think it’s an opportunity.”

SoFi Technologies Inc: “If they’ve got the deposits, then they will do as well as the other banks that I’ve been saying, that if you have deposits, you’re going to do very well because the Fed is giving you basically free money.”

Meta Platforms Inc: “The best metaverse stock to invest [in] is Meta. … I think that they are going to be the winner.”

Disclosure: Cramer’s Charitable Trust owns shares of Eli Lilly and Meta.