Jim Cramer: This Communication Services Stock Is A Buy, Recommends Holding On To Howmet Aerospace
Avi Kapoor 11 months ago
Long IdeasNewsMarketsMediaTrading Ideas
Cramer chose not to recommend Marvell Technology, Inc. but advised holding on to Howmet Aerospace Inc. and Chubb.
On CNBC's “Mad Money Lightning Round,” Jim Cramer chose not to recommend Marvell Technology, Inc. (NASDAQ:MRVL), but advised holding on to Howmet Aerospace Inc. (NYSE:HWM).
When asked about Iron Mountain Incorporated (NYSE:IRM), he said, “If it rallies at all, I do want you to sell it. I just don't see the upside.”
Cramer recommended to hold on to FTAI Aviation Ltd. (NASDAQ:FTAI). “Aviation is not doing as well as the companies in travel, and that's what's hurting FTAI,” he noted.
“As specs go, I like it as these prices,” Cramer said when asked about Rocket Lab Corporation (NASDAQ:RKLB)
Although Astera Labs, Inc. (NASDAQ:ALAB) is a “very, very good” company, Cramer cannot get behind it at these prices.
As for Spotify Technology S.A. (NYSE:SPOT), it’s a buy, Cramer noted, calling it “a great subscription business.”
When asked about Booz Allen Hamilton Holding Corporation (NYSE:BAH), he said, “I'm going to take the other side of the sellers and recommend this stock.”
The “Mad Money” host said he would buy Jacobs Solutions Inc. (NYSE:J) at $132.
When asked about Neptune Insurance Holdings Inc. (NYSE:NP), Cramer said Chubb (NYSE:CB) is the only insurance company he'd recommend.
Price Action:
- Howmet Aerospace shares gained 1.4% to settle at $200.12 on Monday.
- Marvell Technology shares jumped 8.2% to close at $83.79.
- Spotify shares gained 0.2% to settle at $584.98.
- Neptune Insurance shares fell 0.9% to settle at $23.17.
- Booz Allen Hamilton shares slipped 0.02% to settle at $80.76.
- FTAI Aviation shares gained 3.1% to settle at $162.44 on Monday.
- Iron Mountain shares fell 0.3% to close at $84.73.
- Rocket Lab shares gained 5.3% to settle at $42.45 on Monday.
- Jacobs shares rose 3.2% to close at $132.87.
- Astera Labs shares gained 4.1% to close at $147.75.
Read Next:
Image: Shutterstock
