Jim Cramer Provides Lightning Round Stock Advice
In his latest lightning round on “Mad Money,” host Jim Cramer provided rapid-fire answers to callers’ stock questions. Let’s take a look at some of his insights.
Ultra Clean Holdings (UCTT): Cramer expressed his liking for Ultra Clean Holdings, particularly for the industrial gases it delivers. However, he recommended buying Linde (LIN), which is owned by his charitable trust.
Nikola (NKLA): When asked about Nikola, Cramer labeled it as a meme stock and controlled stock. He emphasized that its performance has little correlation with the company’s actual operations, mentioning its large short position. Cramer suggested cautiousness when dealing with this stock.
Pioneer Natural Resources (PXD): Cramer referred to Pioneer as a name from his charitable trust, highlighting its excellent quarter. He emphasized that Pioneer is the lowest cost producer of oil in the country, making it an attractive investment opportunity. Cramer endorsed buying Pioneer at $229.
Stanley Black & Decker (SWK): Cramer expressed disbelief that Stanley Black & Decker’s stock price is under $100. He stated that the company is performing incredibly well, and he recommended buying the stock.
Allegro Microsystems (ALGM): Cramer acknowledged the semiconductor frenzy but advised holding off on Allegro Microsystems due to its expensive valuation. He suggested waiting for a better entry point.
TotalEnergies (TTE): While Cramer liked TotalEnergies, he expressed a preference for Pioneer Natural Resources. Cramer viewed Pioneer as a better-run company and suggested investing in PXD instead.
In addition to the lightning round, Cramer provided a guide to investing. By downloading “Jim Cramer’s Guide to Investing” at no cost, investors can gain insights on building long-term wealth and making smarter investment decisions.
For Cramer enthusiasts, the CNBC Investing Club offers an opportunity to closely follow Jim Cramer’s market moves. Signing up for the club allows members to stay updated on Cramer’s latest investment strategies and actions.
It’s important to note that the CNBC Investing Club Charitable Trust holds shares of Stanley Black & Decker, Pioneer Natural Resources, and Linde. This disclaimer emphasizes that Cramer’s recommendations may align with his trust’s holdings.
As always, it’s crucial for investors to conduct their own research and analysis before making any investment decisions.