Cramer Likes This Industrial Stock: A 'Well-Run' Company Doing 'A Lot Of Good Things'

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended not buying ChargePoint Holdings, Inc. CHPT because it's losing money.

Sell Phathom Pharmaceuticals, Inc. PHAT, Cramer recommends. It's "way too speculative."

As for Navitas Semiconductor Corporation NVTS, Cramer says "so many semiconductors are making a ton of money here. We’re not going to buy one that is actually losing money."

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Luminar Technologies, Inc. LAZR is also "losing too much money," the "Mad Money" host said.

Cramer likes Taiwan Semiconductor Manufacturing Company Limited TSM and recommends buying it. "My only risk there is China, and I am concerned, but I think it will be ok," he noted.

Regarding RTX Corporation RTX, "their commercial business has gotten very tough because of that problem with that one engine," Cramer says. "I don’t think we can touch it still."

Axon Enterprise, Inc. AXON, meanwhile, is a "very well-run company," Cramer says. "They do a lot of good things. I think it has been one of my longest-standing recommendations, and you should buy the stock," he added.

Price Action: Shares of Axon fell 2.1% to close at $215.41, while RTX slipped 0.01% to $73.30 on Thursday. Taiwan Semiconductor rose 0.5% to settle at $92.42, while Luminar Technologies fell 3.1% to close at $4.11 on Thursday. Navitas Semiconductor shares fell 0.8% to close at $6.25, while Phathom Pharmaceuticals fell 5.3% to settle at $9.66 on Thursday. ChargePoint shares declined 5.3% to close at $3.58 during Thursday’s session.
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