Cramer Says No To This EV Maker, But Recommends This Major Automaker Stock: It 'Goes Up And Up'

Zinger Key Points
  • Jim Cramer favors Rivian over Lucid, cites Toyota as a rising stock.
  • Cramer cautious on Sirius XM, recommends Boise Cascade for housing market play.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said no to Lucid Group, Inc. LCID. "We like Rivian Automotive RIVN," he added.

Twist Bioscience Corporation TWST is a "very, very speculative genomics play," he said.

When asked about SL Green Realty Corp. SLG, he said, "If you’re going to be in that group, you've got to be in Boston Properties, Inc. BXP. That’s the safest one."

Boise Cascade Company BCC is a "great company," Cramer said, "This Boise Cascade is a fantastic play on housing, on building."

Cramer recommended buying Toyota Motor Corporation TM, adding that the stock just "goes up and up… I think it’s a really good call."

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Cboe Global Markets, Inc. CBOE is "fantastic," Cramer said, "I mean, these companies coin money, and they’re very well-run, and that is a buy, even up here."

When asked about Sirius XM Holdings Inc. SIRI, he said, "I am very concerned that this is no longer the stock that we knew it as. It’s become a play on used cars, if anything, and I can’t go there. That’s not enough to hang my hat on."

Cramer said Xcel Energy Inc. XEL seems like a "pretty good stock."

NICE Ltd. NICE has "always been a good franchise," Cramer said.

The "Mad Money" host said he likes Schlumberger Limited SLB very much.

Conagra Brands, Inc. CAG is "being hurt by this GLP thing, but it’s got a 5% yield. I’m confident they’re going to have a decent quarter," Cramer said.

The CNBC host said no to Gaming and Leisure Properties, Inc. GLPI. "The only casino company I like right now is Wynn Resorts, Limited WYNN," he noted.

Price Action: Shares of Wynn gained 0.4% to close at $87.17, while Gaming and Leisure Properties fell 0.4% to $45.22 on Monday. Conagra fell 0.3%, SLB fell 0.2% while NICE gained 0.3% to close at $195.15 during Monday’s session. Xcel Energy’s stock declined 0.8% to settle at $60.06, while Sirius XM climbed 1.2% to close at $5.14 on Monday. Cboe Global Markets rose 0.8%, Toyota lost 2.9%, Boise Cascade gained 0.6%, Boston Properties added 0.02% and SL Green Realty gained 1.2% on Monday. Twist Bioscience shares gained 3% to $24.74, while Lucid Group and Rivian Automotive added 2.1% and 1.4%, respectively on Monday.

Now Read This: Top 4 Industrials Stocks That May Crash In Q4

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