Jim Cramer Says This Stock Is Incredibly Cheap

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Freeport-McMoRan Inc (NYSE: FCX) is still incredibly cheap as copper prices surged to a fresh high and the company also has great assets.

With several data-based software firms now, Cramer said he can’t own Progress Software Corp (NASDAQ: PRGS) "unless you think you can get a takeover."

When asked about Virgin Galactic Holdings Inc (NYSE: SPCE), he said, "I agree that space is the final frontier, but I don’t think it’s an investable frontier."

The "Mad Money" host said Trex Company Inc (NYSE: TREX) didn’t do what he wanted to see.

Cramer was expecting a beat and raise quarter, but the company’s EPS for the quarter came in terrible.

Price Action: Shares of Freeport-McMoRan gained 2% to close at $50.11 on Friday, while Progress Software slipped 1.7% to settle at $44.28.

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