Jim Cramer Says Don't Buy This Financial Stock At This Level: 'Let It Come In'

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended not buying Bitdeer Technologies Group BTDR and going with Bitcoin BTC/USD.

As per the recent news, Bitdeer announced the successful close of the acquisition of a fully licensed and permitted 101 MW site and gas-fired power project situated on 19 acres of land near Fox Creek, Alberta.

Gives His Opinion On These Industrials Names

When asked about Booz Allen Hamilton Holding Corporation BAH, he said, “I think that there are a lot of people fleeing this stock because of DOGE, and I think that they think this is somehow going to be front and center to the problem. I don't think that's the case. I think it's going to be the, the big military contractors that they're really going to go after.”

Supporting his view, Raymond James analyst Brian Gesuale, on Feb. 3, upgraded Booz Allen Hamilton from Market Perform to Outperform and announced a $150 price target.

“I think we just have to kind of hold off,” Cramer said about Redwire Corporation RDW.

In the recent news, the company, on Jan. 20, inked a deal to acquire Edge Autonomy for $925 million.

Other Stocks In Focus

Manhattan Associates, Inc. MANH got “clubbed,” Cramer said. “I cannot believe how much that thing went down.”

On Jan. 29, Manhattan Associates shares dipped 24% after reporting its fourth-quarter and FY 2024 financial results and issuing weak revenue guidance for 2025.

The Mad Money host said he would not buy SoFi Technologies, Inc. SOFI at this level. “Let it come in,” he added.

On Jan. 27, SoFi Technologies reported better-than-expected fourth-quarter financial results. However, the company issued lackluster fiscal 2025 profit guidance.

“It's intriguing to me, because I think the president doesn't believe in traditional global warming. If that's the case, then he must really like coal. I'm not a big fan of coal, but that has to do more because I believe in the science,” Cramer said when asked about Alliance Resource Partners, L.P. ARLP.

The company, meanwhile, reported weaker-than-expected results for its fourth quarter on Feb. 3.

Price Action:

• Booz Allen Hamilton shares fell 2% to settle at $129.35 on Wednesday.
• Manhattan Associates shares gained 2.1% to close at $200.72 during the session.
• Alliance Resource Partners shares rose 0.6% to settle at $28.14.
• Bitdeer shares fell 3.8% to close at $16.25 on Wednesday.
• SoFi shares gained 1.3% to settle at $15.49.
• Redwire shares fell 1.5% to close at $23.54 on Wednesday.

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