Jim Cramer Calls Major Automaker Stock A 'Wait And See Situation' — 'I Want To See The Quarter'

Zinger Key Points
  • Jim Cramer passes on Grab and BILL, cautious on Ford, praises Intel's performance.
  • Cramer points out that Academy Sports undervalued at six times earnings, can't recommend selling the stock.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Grab Holdings Limited GRAB is losing too much money. "We’re going to take a hard pass on Grab," he added.

When asked about BILL Holdings, Inc. BILL, he said, "I think the service is overpriced versus what you can get from others. And I just think that therefore it’s not one that I would want to recommend."

Cramer said people just consider Academy Sports and Outdoors, Inc. ASO as a gun stock. "I mean, no matter what they do. But I’m going to agree with you that the stock is just too low. I can’t recommend selling a stock at six times earnings," he added.

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"I want to see the quarter, because as I said, it is a wait and see situation," Cramer said when asked about Ford Motor Company F.

Intel Corporation INTL is doing "incredibly well, so I’m not going to tell you to sell that one," Cramer said.

When asked about Ready Capital Corporation RC, he said, "I can’t tell what’s really in it, so I am therefore going to say I cannot recommend the stock."

Price Action: Shares of Ready Capital fell 1.1% to close at $9.96, while Intel fell 2.5% to $43.64 on Tuesday. Ford fell 1.5% to $10.19, while Academy Sports and Outdoors rose 0.04% to $48.19 during Tuesday’s session. BILL Holdings declined 2.7% to $62.85, while Grab Holdings shares fell 3.1% to settle at $3.13 on Tuesday.

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