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Jim Cramer: How to Spot a Good SPAC

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It's SPACapalooza in this market. 

But that doesn't mean that there aren't good SPAC picks out there, at least in Jim Cramer's eyes. 

"The bubble in special purpose acquisition companies, or SPACs, may soon be coming to an end, but Cramer said not all SPACs are created equal. He highlighted five previous SPAC recommendations and added five new ones to his list of those that can still be bought on any pullback or market weakness," wrote TheStreet's Scott Rutt in his Mad Money recap.

"Cramer said as long as you're patient and buy gradually, investors can still be buyers of MP Materials MP, a rare Earth mining company. He also still recommended Star Peak Energy STPK, which will be merging with the energy storage company Stem. Others on his recommended list included Porch PRCH, pretzel maker Utz  and DraftKings," he continued.

Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Thursday

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