Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It'

Author: Avi Kapoor | January 19, 2024 09:45am

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes U-Haul Holding Company (NYSE:UHAL). "I’m fine with it," he says.

"When rates go up, people sell gold, and that means you should buy gold. Because we buy gold for insurance," Cramer said when asked about Barrick Gold Corporation (NYSE:GOLD)

Cramer recommended buying Micron Technology, Inc. (NASDAQ:MU).

When asked about Westinghouse Air Brake Technologies Corporation (NYSE:WAB), he said, "I don’t want to come in now that the stock’s selling at 27 times earnings."

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Cramer said he doesn’t want to go into Marathon Digital Holdings, Inc. (NASDAQ:MARA) and wants to stay away from Bitcoin (CRYPTO: BTC).

See Also: Jim Cramer Weighs In On BTC's Decline After ETF Launch - 'Nasty Beginning To The Bitcoin Selloff... And Then Almost No One Shows Up'

When asked about General Electric Company (NYSE:GE), Cramer praised CEO Larry Culp for "just making money left and right."

The "Mad Money" host called Genie Energy Ltd. (NYSE:GNE) "kind of a generic one in an industry where we got to have something better than generic."

Cramer said Caterpillar Inc. (NYSE:CAT) is "going to have terrific year, and don’t be dissuaded about China or oil price, whatever."

Price Action

• Shares of Caterpillar gained 1.2% to close at $281.90.
• Genie Energy shares rose 0.5% to $20.14 on Thursday.
• GE gained 1.3% to settle at $128.55.
• Marathon Digital shares fell 6.9% to close at $16.07 during Thursday’s session.
• Westinghouse Air Brake Technologies shares rose 0.7% to settle at $126.74.
• Micron gained 1.9% to $84.82 on Thursday.
• Barrick Gold slipped 0.2%.
• U-Haul rose 0.5% to close at $65.59 on Thursday.

Now Read This: Top 4 Energy Stocks You May Want To Dump In January

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Posted In: $BTC CAT GE GNE GOLD MARA MU UHAL WAB