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Jim Cramer Calls Major Automaker Stock A 'Wait And See Situation' ā€” 'I Want To See The Quarter'

Author: Lisa Levin | November 22, 2023 10:18am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Grab Holdings Limited (NASDAQ:GRAB) is losing too much money. "We’re going to take a hard pass on Grab," he added.

When asked about BILL Holdings, Inc. (NYSE:BILL), he said, "I think the service is overpriced versus what you can get from others. And I just think that therefore it’s not one that I would want to recommend."

Cramer said people just consider Academy Sports and Outdoors, Inc. (NASDAQ:ASO) as a gun stock. "I mean, no matter what they do. But I’m going to agree with you that the stock is just too low. I can’t recommend selling a stock at six times earnings," he added.

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"I want to see the quarter, because as I said, it is a wait and see situation," Cramer said when asked about Ford Motor Company (NYSE:F).

Intel Corporation (NASDAQ:INTL) is doing "incredibly well, so I’m not going to tell you to sell that one," Cramer said.

When asked about Ready Capital Corporation (NYSE:RC), he said, "I can’t tell what’s really in it, so I am therefore going to say I cannot recommend the stock."

Price Action: Shares of Ready Capital fell 1.1% to close at $9.96, while Intel fell 2.5% to $43.64 on Tuesday. Ford fell 1.5% to $10.19, while Academy Sports and Outdoors rose 0.04% to $48.19 during Tuesday’s session. BILL Holdings declined 2.7% to $62.85, while Grab Holdings shares fell 3.1% to settle at $3.13 on Tuesday.

Now Read This: $8.7M Bet On Mercury Systems? Check Out These 4 Stocks Insiders Are Buying

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Posted In: ASO BILL F GRAB INTL RC

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