Zinger Key Points
- OneMain Holdings is "too risky," says Cramer.
- Jim Cramer says Reddit is a "very good" stock.
- Rebound or breakdown? See how Matt Maley is trading June’s market volatility, live this Wednesday, June 4 at 6 PM ET.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Reddit, Inc. RDDT, calling it a “very good” stock.
On the earnings front, Reddit will release its first-quarter financial results after market close on Thursday, May 1. Analysts expect the company to report quarterly earnings at 2 cents per share on revenue of $370.12 million.
Cramer said he likes Brookfield Asset Management Ltd. BAM and added, “Those guys are real good.”
Supporting his view, B of A Securities analyst Craig Siegenthaler upgraded Brookfield Asset Management from Neutral to Buy on April 10 and maintained a price target of $65.
OneMain Holdings, Inc. OMF is “too risky,” Cramer said. “I want you to get out of that right now.”
OneMain Holdings will report its first-quarter results before the market opens on Tuesday, April 29.
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When asked about Harley-Davidson, Inc. HOG, he said, “It doesn't have the sales that I really like, but I think you can bounce from here.”
Harley-Davidson will release its first-quarter financial results before the opening bell on Thursday, May 1.
Price Action:
- Reddit shares gained 4.7% to settle at $112.25 on Thursday.
- Brookfield Asset Management shares gained 3.6% to close at $52.43 during the session.
- OneMain shares climbed 4.5% to settle at $48.69 on Thursday.
- Harley-Davidson shares gained 2.6% to close at $23.69 during the session.
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