Jim Cramer Says Illumina Is 'Challenged,' Recommends Selling This Industrial Stock

On CNBC's “Mad Money Lightning Round,“ Jim Cramer recommended selling NANO Nuclear Energy Inc. NNE.

On March 7, NANO Nuclear Energy announced that Florent Heidet, Ph.D. has joined NANO Nuclear as its Chief Technology Officer and Head of Reactor Development.

Cramer said Illumina, Inc. ILMN is a “challenged” company, and he doesn't really care for it.

RBC Capital analyst Conor McNamara, on March 12, maintained Illumina with an Outperform and lowered the price target from $247 to $128.

When asked about Archer Aviation Inc. ACHR, he said, “Keep looking but do not press the button.”

As per the recent news, Archer Aviation and Palantir Technologies Inc. PLTR, on March 13, collaborated to build the AI foundation for the future of advanced aviation technologies.

The Mad Money host said he has always liked STERIS plc STE and recommended buying the stock. “I think it's just a strong company,” he added.

Supporting his view, Stephens & Co. analyst Jacob Johnson, on Feb. 6, reiterated Steris with an Overweight rating and maintained a $240 price target.

Cramer said he doesn't know what Sixth Street Specialty Lending, Inc. TSLX really owns, so therefore he can't give his opinion on it.

RBC Capital analyst Kenneth Lee, on Feb. 26, maintained Sixth Street Specialty with an Outperform rating and raised the price target from $23 to $25.

Cramer said he likes Lam Research Corporation LRCX very much and recommended to own the stock.

Adding support to his choice, Susquehanna analyst Mehdi Hosseini, on Feb. 20, upgraded Lam Research from Neutral to Positive and raised the price target from $75 to $125.

Arista Networks Inc ANET has been an “amazing stock for many years,” Cramer said. He recommended buying the stock.

Supporting his view, UBS analyst David Vogt, on March 5, upgraded Arista Networks from Neutral to Buy and raised the price target from $112 to $115.

Price Action:

• Illumina shares fell 0.2% to settle at $84.05 on Thursday.
• Archer Aviation shares dipped 3.1% to close at $7.25 during the session.
• NANO Nuclear Energy shares gained 1.9% to settle at $28.32.
• Steris shares fell 0.9% to close at $222.45.
• Sixth Street Specialty Lending shares fell 0.9% to close at $21.96 on Thursday.
• Lam Research shares fell 1.7% to settle at $75.26.
• Arista Networks shares fell 0.1% to close at $80.14 on Thursday.

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