Jim Cramer: 'It's Just Not That Bad A Company,' As Stock Plummets Over 40% Post Earnings

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Kyndryl Holdings Inc KD. "I think that Martin Schroeter is doing a pretty darn good job," he noted.

When asked about Realty Income Corp O, he said, "I still think it’s a buy."

"I wish they hadn’t talked so positively at the beginning of the call," Cramer said when asked about Confluent Inc CFLT. "I don’t think it was worth down 40. It’s just not that bad a company." CFLT shares dropped over 42% on Thursday after the company reported earnings on Wednesday.

Don’t forget to check out our premarket coverage here

When asked about SiTime Corp SITM, he said, "This is one I’m going to say I need to do more on."

Price Action: Shares of SiTime jumped 12% to close at $108.32, while Confluent fell 42.1% to $16.28 on Thursday. Realty Income rose 4.3% to settle at $50.03, while Kyndryl gained 1.9% to close at $14.90 during Thursday’s session.

Now Read This: Fear & Greed Index Remains In 'Fear' Zone; Dow Notches Best Day Since June

Photo: Shutterstock