Jim Cramer Says This Major Automotive Stock Is Just Too Cheap: 'That's Wrong. I Think You've Got A Winner'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Tripadvisor, Inc. TRIP is not good enough, and he prefers Booking Holdings Inc. BKNG. "I think that Brian Chesky is putting together amazing numbers, as we said when it was at 90, for Airbnb, Inc. ABNB."

When asked about Shockwave Medical, Inc. SWAV, he said, "I’ve got to tell you, I am drawn to it as perhaps a positive sign, particularly because medical device stocks are very much in, but I do recommend Edwards Lifesciences Corporation EW even more. That’s right, EW."

Akoya Biosciences, Inc. AKYA is a "total speculative stock, losing money, you have to do that in small increments, it’s just too, it’s too outlandish for this guy," Cramer said.

Don’t forget to check out our premarket coverage here

The "Mad Money" host said he feels terrible for Luminar Technologies, Inc. LAZR because "I think it’s going lower, that’s how I feel about Luminar."

When asked about Vitesse Energy, Inc. VTS, he said, "This is a way to be able to own oil without owning oil, and I think it’s a smart way, and I am behind it 100%."

Cramer said he likes Stellantis N.V. STLA, adding that it’s "just too cheap, people don’t believe. I think that’s wrong. I think you’ve got a winner."

When asked about Pfizer Inc. PFE, he said, "Pfizer, well I got to tell you, Dr. [Albert] Bourla has got to put that money to work better, and by the way, he’s got to start working more with Nurtec. As the chief spokesperson for the American Migraine Foundation, Nurtec is an amazing drug. He owns it, let’s do more with it."

Price Action: On Wednesday, TRIP was down 1.06% to $17.76, SWAV dropped 0.98% to $267.77, AKYA was up 5.53% to $7.44, LAZR rose 7.19% to $7.75, VTS gained 0.42% to $23.82, STLA dropped 1.01% to $18.55, and PFE was up 0.55% to $36.44.

Now Read This: Goldman Sachs Likely To Report Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!