Jim Cramer Says Stay Away From This Consumer Cyclical Stock, 'It's Too Dicey'

Author: Lisa Levin | September 18, 2023 08:46am

Schlumberger Limited (NYSE:SLB) is "very, very good," according to Jim Cramer on CNBC’s "Mad Money Lightning Round."

"I have to tell you, I like SLB very, very much, it’s a great company," he added.

When asked about Discover Financial Services (NYSE:DFS), he said, "I just think that in the end, I would like to go with best of breed, even though that stock seems very cheap, which puts us in the realm of owning Mastercard Incorporated (NYSE:MA)."

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Cramer recommends holding onto Avnet, Inc. (NYSE:AVT). "I think the stock is too cheap. I like it, it’s got a very low price to earnings multiple, it’s very profitable," he added.

The "Mad Money" host recommended staying away from Sea Limited (NYSE:SE). "I think it’s too dicey," he added.

Verizon Communications Inc. (NYSE:VZ) is "just a bond and not a very good bond, and you can get 7% elsewhere," Cramer noted.

Cramer recommends selling Joby Aviation, Inc. (NYSE:JOBY) because "we’re not recommending any companies that are losing money hand over fist like Joby."

Price Action: Shares of Joby Aviation fell 5.8% to close at $6.54; Verizon lost 0.7% to $33.79 on Friday; Sea shares fell 1.5% to settle at $39.28; Avnet fell 1.2% to close at $47.78 on Friday; Mastercard shares gained 0.2% to settle at $414.31; Discover Financial fell 0.4% to close at $89.74 on Friday; SLB shares declined 1.7% to settle at $60.58 during the Friday’s session.

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Posted In: AVT DFS JOBY MA SE SLB VZ