Jim Cramer Says This EV Infrastructure Stock Is Losing Too Much Money: 'I Do Not Want To Touch It'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Opendoor Technologies Inc. OPEN is "not making any money, and, you know what, it’s one of those situations where it can continue to go higher but not for any fundamental reason, so I can’t get behind it."

Cramer said money’s coming out of NextEra Energy, Inc. NEE and going to Constellation Energy Corp CEG. "I think it should reverse itself, but it’s not going to do it necessarily soon," he added.

"I’m not going to fight the stock here, I think at eight times earnings, 3.3%, I think it’s fine. I don’t think it’s great, though," Cramer said, when asked about CVS Health Corporation CVS. "Why? Because of shrinkage, because of pilferage, because of those darned plastic things that are like in front of every single thing you want to buy."

The "Mad Money" host said ChargePoint Holdings, Inc. CHPT is "losing too much money, it’s a commodity business, I do not want to touch it."

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When asked about Controladora Vuela Compañía de Aviación, S.A.B. de C.V. VLRS, he said, "I don’t really care for it, I’ve got to tell you. I do like the Mexican peso, and I do like Mexico, but the stock has had too big a run, and most of the airlines are retreating, and I think that one is going to, too."

Price Action: Shares of Volaris fell 1.3% to close at $10.29, while ChargePoint fell 2.8% to $7.59 on Tuesday. CVS Health shares fell 1.4% to settle at $73.33, while NextEra Energy lost 1.8% to close at $67.35 during Tuesday’s session. Opendoor Technologies shares fell 3.7% to settle at $3.36 on Tuesday.

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