Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer said no to Ardmore Shipping Corporation ASC. “I don't like the situation because a lot of what is carried is tariffed,” he added.

On Feb. 19, Ardmore Shipping posted better-than-expected earnings and sales results for its fourth quarter.

“It's a big international, and right now, big internationals are really frowned upon,” Cramer said when asked about 3M Company MMM. “If you can own it through the cycle, again, I think it is a good situation.”

On Monday, Citigroup analyst Andrew Kaplowitz maintained 3M with a Neutral rating and lowered the price target from $152 to $142.

Cramer said Planet Fitness, Inc. PLNT is doing better than expected. “I think you have a winner.”

Guggenheim analyst John Heinbockel supported his view on Tuesday, maintaining Planet Fitness as a Buy and raising the price target from $105 to $110.

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When asked about Powell Industries, Inc. POWL, he said, “If you're willing to hold on for the next cycle, it's fine. But I've got to tell you, it's considered to be a data center play, and people think that data centers are slowing down, and that's the case with Powell Industries too.”

On the earnings front, Powell Industries reported quarterly earnings of $2.86 per share on Feb. 6, beating the analyst consensus estimate of $2.61 per share. The company also reported quarterly sales of $241.43 million, beating the analyst consensus estimate of $232.62 million.

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