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This Is The 'Only Solar Stock' Jim Cramer Is Recommending 'Because It's A Pure Play'

Author: Lisa Levin | November 06, 2023 10:37am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said DocuSign, Inc. (NASDAQ:DOCU) is "going to have to come up with something new and different and special, because right now, what they’re doing is not doing enough."

When asked about TKO Group Holdings, Inc. (NYSE:TKO), he said, "I don’t know how to value it, and if I don’t know how to value it, I’ve got others that are hard enough. I’m not going to take on something even more difficult."

Cramer recommended selling Seagen Inc. (NASDAQ:SGEN) stock on Monday. "I don’t trust the FTC," he added.

Zillow Group, Inc. (NASDAQ:ZG) "needs more transactions to occur in the real estate business," Cramer said, "I’m sorry, because I like the company, but it does not have the volume."

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The "Mad Money" host said he doesn’t like National Fuel Gas Company (NYSE:NFG) as it "doesn’t pay enough, doesn’t have the growth that I want."

When asked about U.S. Bancorp (NYSE:USB), Cramer said until the Federal Reserve’s meeting last week and the bond schedule, "I would have said don’t buy it, and now I think it’s incredibly undervalued."

First Solar, Inc. (NASDAQ:FSLR) is the "only solar stock I am currently recommending because it’s a pure play, and it is not a play on financing, which it turned out all the others were that went by the wayside," Cramer said.

Cramer said KLA Corporation (NASDAQ:KLAC) is "good enough."

Price Action: Shares of KLA jumped 2.1% to close at $499.62, while First Solar gained 3% to $151.94 on Friday. U.S. Bancorp rose 3.4% to settle at $35.49, while National Fuel Gas gained 2.1% to close at $54.17 during Friday’s session. Zillow gained 5.9% to $36.78, while Seagen shares rose 0.1% to settle at $215.00. TKO Group shares rose 1.8% to $84.93, while DocuSign gained 3% to close at $41.09 on Friday.

Now Read This: Check Out 3 Consumer Stocks With Over 5% Dividend Yields From Wall Street's Most Accurate Analysts

Photo: Shutterstock

Posted In: DOCU FSLR KLAC NFG SGEN TKO USB ZG

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