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Jim Cramer: This Energy Firm Has 'Good Growth, Good Yield' But As For IonQ? Ixnay

Author: Avi Kapoor | January 04, 2024 10:05am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Equitrans Midstream Corporation (NYSE:ETRN) is very solid. "Good growth, good yield. I like their profile," he added.

"I don’t think it holds up under close scrutiny," Cramer said when asked about IonQ, Inc. (NYSE:IONQ). "I say ix-nay IonQ-nay."

Cramer recommended not selling BorgWarner Inc. (NYSE:BWA) down here. "You stay long, don’t get discouraged," he added.

When asked about Longboard Pharmaceuticals, Inc. (NASDAQ:LBPH), he said, "My inclination is to think that we just have to say we missed the Longboard Pharma move. Because when I see a parabolic move like that, I know I am not early."

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The "Mad Money" host said Jabil Inc. (NYSE:JBL) had a "not great quarter, and the stock didn’t go down. When I see that kind of activity, it kind of piques my interest. I’d be a buyer, not a seller, of Jabil."

When asked about LendingTree, Inc. (NASDAQ:TREE), he said, "I just don’t think you’re going to get a lot of mojo out of that thing."

Price Action: Shares of LendingTree fell 2.7% to close at $28.63, while Jabil fell 0.6% to $127.35 on Wednesday. Longboard Pharmaceuticals dipped 10.8% to settle at $22.40, while BorgWarner fell 5.3% to $34.03 during Wednesday’s session. IonQ shares fell 1.9% to settle at $11.93, while Equitrans Midstream rose 0.2% to close at $10.28 on Wednesday.
Now Read This: Top 4 Risk Off Stocks That May Collapse This Month

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Posted In: BWA ETRN IONQ JBL LBPH TREE

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