This Stock Is 'Doing Incredibly Well': Jim Cramer Can't Believe It's Back Under $100

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Ultra Clean Holdings, Inc. UCTT very much, "but the problem is that I really like the industrial gases that are delivered by Ultra Clean and that means you should buy Linde plc LIN, which is owned by my charitable trust.”

Cramer said he likes Pioneer Natural Resources Company PXD more than TotalEnergies SE TTE and believes Pioneer is a better run company.

The "Mad Money" host said Nikola Corporation NKLA is a "meme stock, it’s a controlled stock." He noted, "It doesn’t have anything to do with what’s really going on at the company. It’s got a very big short position, it can continue to go or not."

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Cramer said Pioneer Natural Resources Company PXD reported a fantastic quarter. "I know that the opportunity is very vast because it is the lowest cost producer of oil in our country. So I am a buyer of Pioneer at $229," he added.

Stanley Black & Decker, Inc. SWK is "doing incredibly well, I can’t believe that the stock’s back under $100," Cramer said.

Allegro MicroSystems, Inc. ALGM is "expensive," Cramer said, "I know that everybody wants to buy anything involving any kind of semiconductor. I don’t like that, I want to hold off and let that group come in."

Price Action: Shares of Ultra Clean gained 0.2% to close at $36.00, while Linde fell 0.8% to $380.75 on Thursday. TotalEnergies shares gained 1.7% to settle at $59.28, while Pioneer added 0.9% to close at $229.98 during the Thursday’s session. Nikola shares jumped 12.4% to $3.3950, while Stanley Black & Decker fell 2.1% to $99.14. Allegro MicroSystems shares fell 0.2% to settle at $43.13 on Thursday.

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