Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Cramer Gives Auto Semiconductor Company A Thumbs Down: 'Self-Driving Has Hit A Snag'

Author: Lisa Levin | August 25, 2023 09:05am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Extreme Networks, Inc. (NASDAQ:EXTR) is fine. "I mean, it’s just one of many companies that is not proprietary enough for me to be able to recommend, especially at this point when people seem to want to sell tech," he added.

Cramer said Zimmer Biomet Holdings, Inc. (NYSE:ZBH) did not report a good quarter. He added, "When these guys don’t have a good quarter, there’s really no stopping them, they’re on the move. I say you have to re-circle the wagons and buy GE HealthCare Technologies Inc. (NASDAQ:GEHC), which is much too cheap."

When asked about Arista Networks, Inc. (NYSE:ANET), he said, "A lot of people like Arista, and it does trade, it does trade with NVIDIA Corporation (NASDAQ:NVDA). I actually think the much cheaper and not as complimentary play is Cisco Systems, Inc. (NASDAQ:CSCO)."

The "Mad Money" host said although NRG Energy, Inc. (NYSE:NRG) is good, he likes "this new gang that runs The Southern Company (NYSE:SO)."

When asked about Ecolab Inc. (NYSE:ECL), he said, "I think they’re ok. I’ll tell you something, I know that it sounds like it’s a little far afield, but Cintas Corporation (NASDAQ:CTAS) has a similar business. I think Cintas is the way to go."

Don’t forget to check out our premarket coverage here

Cramer said Old Republic International Corporation (NYSE:ORI) is a "very good company, but when we talk insurance, we just talk Chubb Limited (NYSE:CB)."

When asked about indie Semiconductor, Inc. (NASDAQ:INDI), he said, "Self-driving has hit a snag. I’m not going to recommend a self-driving related semi company, just not right here, not right now, not if it’s losing money."

Cramer said he prefers NVIDIA Corporation (NASDAQ:NVDA) over Super Micro Computer, Inc. (NASDAQ:SMCI).

Now Read This: Fear & Greed Index Moves To 'Fear' Zone Ahead Of Powell's Speech

Photo: Shutterstock

Posted In: ANET CB CSCO CTAS ECL EXTR GEHC INDI NRG NVDA ORI SMCI SO ZBH

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist