Jim Cramer Likes Reddit Very Much, Calls Accenture A 'Great Buy'

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Reddit, Inc. RDDT, saying he likes the stock very much.

Reddit made its long-awaited entry into the public markets earlier this year as the first major initial public offering of 2024. After pricing its IPO at $34 per share, the stock opened on March 21 for trading at $47. It closed Wednesday at $71 per share.

Carmaer also likes Cava CAVA. “I don't want you to buy it up here,” he said. “I do want you to own it.”

The “Mad Money” host said Super Micro Computer, Inc. SMCI is “too hard” and recommended buying Nvidia NVDA.

When asked about GE HealthCare Technologies Inc. GEHC, he said. “I'd wait for another downgrade and buy more. I would not buy more right here.”

Cramer said buying McCormick & Company MKC right here is a “very good idea.”

The Mad Money host said GlaxoSmithKline GSK goes higher.

Cadence Design Systems, Inc. CDNS is a “winner,” he said.

“This is a loser. Maybe it can make a comeback,” Cramer said when asked about Nextracker Inc. NXT. “I got too enthusiastic about it.”

Cramer said he is not encouraging buying in that sector, when asked about Equinor ASA EQNR.

Accenture plc ACN is a “great buy” here, Cramer said.

Cramer said he just doesn't understand Trump Media & Technology Group Corp. DJT.

Price Action:

• Cava shares fell 0.1% to settle at $131.86 on Wednesday.
• Trump Media & Technology shares fell 5.6% to close at $20.57.
• Reddit shares gained 0.3% to close at $71.00.
• Accenture shares rose 1.3% to close at $365.08.
• Equinor shares fell 2% to settle at $24.88 on Wednesday.
• Nextracker shares gained 0.3% to settle at $35.24.
• Cadence Design shares gained 3.5% to close at $279.56 on Wednesday.
• GlaxoSmithKline shares gained 5.8% to close at $40.24 on Wednesday.
• Super Micro Computer shares gained 4.3% to close at $47.29 during the session.
• GE Healthcare shares gained 0.1% to close at $90.77 during Wednesday's session.
• McCormick shares gained 0.1% to close at $79.71 on Wednesday.

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