On CNBC’s "Mad Money Lightning Round," Jim Cramer said UiPath Inc. PATH is a "decent" stock. Cramer said the company is not making money, and he doesn’t recommend stocks that don’t make money. "If they start making money, we will rethink," he added.
When asked about Kenvue Inc. KVUE, he said, "You know what, I like Abbott ABT more than Kenvue, I want you to stick with Abbott, I think it’s good."
Cramer said he likes Essential Utilities, Inc. WTRG. "It’s very cheap right now," he added.
Don’t forget to check out our premarket coverage here
The "Mad Money" host said he is done with Plug Power Inc. PLUG.
When asked about Roku, Inc. ROKU, he said, "Their last quarter was really great, you had a short squeeze, but the problem is they’re not making money, and on Jim Cramer’s Mad Money, we don’t recommend stocks that aren’t making money." Roku is up 91% YTD, although it has backtracked almost 6% in the past month.
Price Action: Shares of Roku fell 0.8% to close at $77.80, while Plug Power gained 6.3% to $8.73 on Thursday. Essential Utilities shares gained 0.7% to settle at $38.16, while Abbott Laboratories fell 0.1% to close at $102.65 on Thursday. Kenvue shares gained 0.7% to settle at $21.74, while UiPath fell 2.3% to close at $17.75 on Thursday.
Now Read This: CSI Compressco And 2 Other Stocks Under $3 Insiders Are Buying
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.