On CNBC’s ‘Mad Money Lightning Round’, Jim Cramer, the renowned market commentator, shared his insights on several stocks, providing guidance to investors.
Ceva (CEVA):
Cramer believes Ceva’s stock price is currently inflated. He advised investors to reduce their holdings in the company, particularly ahead of its third-quarter earnings announcement scheduled for November 7th.
Intuitive Machines (LUNR):
Cramer expressed his fondness for space-related investments and highlighted his continued support for Tesla. He sees a bright future for Intuitive Machines, a company focused on lunar exploration, which will release its third-quarter financial results on November 14th.
Ford Motor Company (F):
While Cramer expressed his desire for Ford’s success, he remains hesitant about recommending the stock. This caution stems from news reports suggesting a production pause for the F-150 Lightning electric pickup from mid-November to year-end due to weaker-than-anticipated demand.
SLB (SLB):
Despite his appreciation for the company’s operations, Cramer advises against investing in SLB. He cites the oil services industry’s lack of growth potential as a primary concern. This advice comes in the wake of SLB’s recent announcement regarding a contract win for a subsea boosting system for BP’s Kaskida project.
Vistra Corp. (VST):
Cramer suggests taking some profits from Vistra. This recommendation comes alongside news of Vistra replacing The AES Corp. (AES) in the Dow Jones Utility Average, effective before trading begins on November 8th.
