Jim Cramer: Buy This Financial Stock, 'I Think They're High Quality'

Author: Lisa Levin | November 30, 2023 10:26am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Vishay Intertechnology, Inc. (NYSE:VSH) is "way too cheap." He added, "This is one of those moments where I think you’ve got to buy Vishay."

Cramer also recommended buying Abbott Laboratories (NYSE:ABT). "Abbot Labs has gotten way too cheap," he noted.

Cramer said Moelis & Company (NYSE:MC) has come down too much and recommended buying the same. "I work with them, I know them, I think they’re high quality," he noted.

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The "Mad Money" host said Riot Platforms, Inc. (NASDAQ:RIOT) doesn’t make any money. "If you want to do Bitcoin (CRYPTO: BTC), own Bitcoin," he added.

Cramer recommended selling Anheuser-Busch InBev SA/NV (NYSE:BUD) and buying Constellation Brands, Inc. (NYSE:STZ).

Cramer said "stay away" from pharma and biotech firm Catalent, Inc. (NASDAQ:CTLT).

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Price Action: Shares of Catalent gained 0.3% to close at $39.57, while Anheuser-Busch fell 0.3% to $62.61 on Wednesday. Constellation fell 1.6% to $237.95, while Riot Platforms rose 1.1% to $13.00 during Wednesday’s session. Moelis & Company gained 1.7% to $47.11, while Abbott Laboratories shares rose 1.5% to settle at $103.63. Vishay Intertechnology shares rose 0.4% on Wednesday.
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Posted In: $BTC ABT BUD CTLT MC RIOT STZ VSH