Zinger Key Points
- Jim Cramer says CarMax has dropped so much, therefore it's not a good time to sell.
- Cramer recommends buying Simon Property Group.
- Today's manic market swings are creating the perfect setup for Matt’s next volatility trade. Get his next trade alert for free, right here.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Simon Property Group, Inc. SPG calling it a “terrific” company.
Simon will release financial and operational results for the quarter ending March 31, after the market close on May 12.
“I like aerospace very much,” Cramer said when asked about TransDigm Group Incorporated TDG. “There's no reason to descend to TransDigm when you have GE,” referring to General Electric GE.
On April 17, Truist Securities analyst Michael Ciarmoli maintained TransDigm with a Buy rating and lowered the price target from $1,534 to $1,490.
Cramer said CarMax, Inc. KMX has come down so much. He recommended not selling it.
On April 10, CarMax posted weaker-than-expected fourth-quarter earnings.
“Gold, I think, is going higher still. And Barrick Gold has a lot more room to run,” Cramer said when asked about Barrick Gold Corporation GOLD. “I think GOLD is a good place to be.”
Shares of gold companies traded higher on Monday after gold prices reached an all-time high.
Price Action:
- Simon Property shares fell 2.1% to settle at $147.20 on Monday.
- TransDigm shares fell 2.3% to close at $1,306.55 during the session.
- CarMax shares dipped 3.5% to settle at $62.33 on Monday.
- Barrick Gold shares gained 1.4% to close at $20.45 during the session.
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