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Cramer's Top Auto Pick After 'Very Big Spike': 'By Far The Best Of The Group'

Author: Lisa Levin | December 06, 2023 10:08am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Weyerhaeuser Company’s (NYSE:WY) stock long term. "I think they’re doing a lot of good things, making a lot of money," he added.

Cramer said he likes Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and recommended buying the stock. "I watched the trailer for Grand Theft Auto, I thought it was amazing," he noted.

When asked about New Fortress Energy Inc. (NYSE:NFE), he said, "I think that this is all about Wes Edens being able to have a great vision over a multiple-year period."

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Cramer recommended holding onto Stellantis N.V. (NYSE:STLA) because the stock "just had a very big spike. It is by far the best of the group."

The "Mad Money" host said he likes RadNet, Inc. (NASDAQ:RDNT) very much. "We had Dr. Berger on, I thought it was a super story, and I just think I’m going to stick behind it," he added.

When asked about NextEra Energy, Inc. (NYSE:NEE), Cramer said he likes Sempra (NYSE:SRE) and American Electric Power Company, Inc. (NYSE:AEP). "Those are more our cups of tea. This one, not so much," he added.

Cramer said Crocs, Inc. (NASDAQ:CROX) is "too dicey."

When asked about Fortinet, Inc. (NASDAQ:FTNT), he said, "I've got to buy best of breed. That’s why I like Palo Alto Networks, Inc. (NASDAQ:PANW)."

Price Action: Shares of Palo Alto gained 2.2% to close at $292.78, while Fortinet rose 0.5% to $52.52 on Tuesday. Crocs fell 2.7% to $102.20, while American Electric Power fell 1% to $79.31 during Tuesday’s session. Sempra fell 1.8% to $70.93, while NextEra Energy shares fell 0.8% to settle at $58.23. RadNet shares rose 0.5%, while Stellantis rose 0.1% on Tuesday. New Fortress Energy fell 2%, Take-Two fell 0.5% and Weyerhaeuser’s shares declined 0.9% on Tuesday.

Now Read This: How To Earn $500 A Month From Kroger Stock After Last Week's Upbeat Earnings Report

Photo: Shutterstock

Posted In: AEP CROX FTNT NEE NFE PANW RDNT SRE STLA TTWO WY

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