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Where Jim Cramer Sees Opportunity in Fisker

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SPACs have run red hot, perhaps too hot, for months now. 

"SPACs have fallen out of favor on Wall Street, just as Cramer predicted, but that doesn't mean all SPACs are created equal. Monday, he highlighted one of the good ones, Altimeter Growth Capital (AGC) - Get Report, which will soon be merging with Grab, the dominant ride-sharing platform in Singapore and Southeast Asia," wrote TheStreet's Scott Rutt in his Mad Money recap.

"Think of Grab as a combination of Lyft (LYFT) - Get Report, DoorDash (DASH) - Get Report and PayPal (PYPL) - Get Report, as the company includes all three services. It enjoys 72% market share in ride-sharing, 50% in food delivery and 23% shares in the online wallet space," he continued. "Cramer said Grab is well run, growing fast and is making great strides towards profitability now that it has achieved the scale it needs."

Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday

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