On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he is concerned about Spirit Airlines, Inc. (NYSE: SAVE) because that “market has become very competitive. They were hoping to do a little bit more consolidation, the government’s not going to let them, so I’m going to say we should take a pass on Spirit, there’s better, other places to go, and I like Delta Air Lines, Inc. (NYSE: DAL).”
When asked about IonQ, Inc. (NYSE: IONQ), he said, “Because it’s quantum computing, and people are desperate to find something that does quantum, I kid you not.” Cramer said he can’t recommend the stock as it’s losing money.
Cramer said ChargePoint Holdings, Inc. (NYSE: CHPT) is losing money and again said he can’t recommend the stocks that are losing money.
The “Mad Money” host said Barrick Gold Corporation (NYSE: GOLD) has been a “disappointment.”
Cramer said Marvell Technology, Inc. (NASDAQ: MRVL) reported a good quarter, mostly because they “had this tremendous AI business that goes in conjunction with what NVIDIA Corporation (NASDAQ: NVDA) is doing.” He recommended waiting for a pullback before pulling the trigger.
Cleveland-Cliffs (NYSE: CLF) is “doing better than people realize, but they know that Nucor Corporation (NYSE: NUE) is my favorite. Nucor is the way if you want to be in a steel company — Nucor is the one you want,” he said.
Cramer said he doesn’t know about Coursera, Inc. (NYSE: COUR) and he is not going to opine on something he does not know.
Shares of Coursera gained 2.5% to close at $15.69, while Cleveland-Cliffs rose 3.2% to $17.65 on Monday. Marvell shares rose 0.3% to settle at $65.13, while Barrick Gold added 1.8% to close at $17.29 during the Monday’s session. ChargePoint shares rose 5.2% to $8.66, while IonQ gained 7.4% to $19.25. Spirit Airlines rose 0.7% to $18.30 on Monday.
Produced in association with Benzinga
Edited by Jason Reed and Kyana Jeanin Rubinfeld
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