Jim Cramer Recommends Staying Away From AMC, Says 'Absolutely No' To Webull

Avoid AMC Entertainment Holdings, Inc. AMC. That’s the advice from Jim Cramer on the latest edition of CNBC's “Mad Money Lightning Round.”

“[AMC] should have reorganized by now, and they haven’t,” Cramer said. “They have way too much debt.”

Supporting his view, Roth MKM analyst Eric Handler, on April 16, maintained AMC Entertainment with a Neutral rating and lowered the price target from $3.25 to $3.

Cramer recommended to sell Cal-Maine Foods, Inc. CALM.

As per the recent news, Cal-Maine Foods, on April 8, reported worse-than-expected third-quarter revenue results. Additionally, the company announced the acquisition of Echo Lake Foods for approximately $258 million and stated it is cooperating with a civil investigative demand by the DOJ into the nationwide increase in egg prices.

“I'm going to say absolutely no to that one,” Cramer said when asked about Webull Corporation BULL.

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Webull shares fell sharply on Thursday extending a volatile first week of public trading following its SPAC merger with SK Growth Opportunities.

A Fox Business's Charles Gasparino report indicated that U.S. lawmakers are pushing the SEC to investigate Webull's Chinese ties and potentially move toward delisting the brokerage.

Price Action:

• AMC shares fell 0.7% to settle at $2.78 on Thursday.
• Cal-Maine Foods shares fell 1.1% to close at $91.49 during the session.
• Webull shares dipped 27.3% to settle at $26.33 on Thursday.

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