Jim Cramer Says He's 'Going To Have To Wait' On SoFi, But Recommends This 'Great Little Industrial Company'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he still can't recommend Twilio TWLO.

On June 14, Morgan Stanley downgraded the stock from Overweight to Equal-Weight and lowered its price target from $70 to $60.

Cramer said Vistra Corp. VST is a “momentum stock, and momentum stocks can't really withstand that kind of drop. That said, I do think that it's the sweet spot of the energy market.” The “Mad Money” host said he prefers Constellation Energy Corporation CEG.

On May 30, Vistra announced plans to add up to 2,000 megawatts of dispatchable, natural-gas-fueled power capacity in West, Central, and North Texas.

When asked about Novavax, Inc. NVAX, he said, “Anything Covid is not really making a lot of money for people. I do believe that that was a very lucky break for them, but it's not going to get me into that stock.”

On June 14, Novavax submitted application to the FDA for updated protein-based 2024-2025 formula COVID-19 vaccine.

Cramer recommended buying H.B. Fuller Company FUL. “It's a great little industrial company,” he noted.

H.B. Fuller is expected to report its financial results for the three-month fiscal period ended June 1, after the closing bell on June 26.

Cramer recommended staying away from Unity Software Inc. U. “That is just a falling knife,” he added.

On June 10, Stifel analyst Parker Lane maintained Unity Software with a Buy and lowered the price target from $30 to $25.

When asked about SoFi Technologies, Inc. SOFI, he said, “Right now, that last quarter was not great. I just didn't like it. And I'm going to have to wait.”

On June 3, SoFi Technologies announced the appointment of Stephen Simcock as general counsel.

Cramer said he doesn't know about Ardagh Metal Packaging S.A. AMBP.

On April 25, Ardagh Metal Packaging reported better-than-expected first-quarter adjusted EPS results.

Price Action:

• Twilio shares fell 2.6% to settle at $54.24 on Friday.
• Vistra shares fell 0.9% to close at $87.59 during Friday's session.
• Novavax shares dipped 4.3% to close at $14.40.
• H.B. Fuller shares fell 1.5% to close at $77.38 on Friday.
• Unity Software shares fell 2.3% to close at $16.40 on Friday.
• Ardagh Metal Packaging shares closed at $3.72 on Friday.
• SoFi shares fell 5% to close at $6.46 on Friday.

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