Cramer Says Stay Away From This Bitcoin Miner: 'I Don't Trust It'

Author: Avi Kapoor | January 23, 2024 09:13am

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended staying away from Riot Platforms, Inc. (NASDAQ:RIOT). "I don’t trust it," he said.

On Monday, Cantor Fitzgerald analyst Josh Siegler reiterated Riot Platforms with an Overweight rating and maintained a $19 price target.

When asked about Robinhood Markets, Inc. (NASDAQ:HOOD), Cramer said, "I think they have too much exposure to options for their customers and Bitcoin for the customers. I need them to get a better base of customers."

Robinhood Markets is expected to release its fourth quarter and full year 2023 financial results on Feb. 13, 2024, after the closing bell. Analysts expect the company to report a quarterly loss at 1 cent per share on revenue of $453.46 million.

Cramer said Portillo's Inc. (NASDAQ:PTLO) is just a "great quandary."

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The "Mad Money" host said he needs to do a little bit of homework on Soho House & Co Inc. (NYSE:SHCO). "I haven’t spent enough time looking at it," he added.

Soho House & Co, during November, promoted Tom Collins to the role of chief operating officer.

Price Action: Shares of Soho House gained 0.2% to close at $6.38, while Portillo's shares fell 0.6% to $13.36 on Monday. Robinhood gained 2.6% to settle at $10.99, Riot Platforms shares rose 3% to close at $10.60 during Monday’s session.

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Posted In: HOOD PTLO RIOT SHCO