On CNBC’s “Mad Money Lightning Round” Jim Cramer saying Reddit, Inc.. (NYSE:RDDT) is “fabulous” and adds that it is not a seller.
According to a report last week, shareholder Advance Magazine Publishers, Inc. plans to establish a line of credit using its stake in the company. Yahoo Finance reported that the publisher aims to earn up to $1.2 billion from a sale of 7.8 million shares at a price between $145.38 and $148.54 per share.
“I’m concerned that a lot of auto parts are made in China, we don’t know,” Cramer said when asked about Aptiv PLC (NYSE:APTV). He recommended I go with AutoZone (NYSE: AZO).
Don’t miss:
On Nov. 21, Guggenheim analyst Ronald Jewsikow maintained Aptiv with a Buy and lowered the price target from $87 to $73.
When asked about Recursion Pharmaceuticals, Inc. (NASDAQ:RXRX), said: “Now, I think, at five, it’s worth speculating.”
On Nov. 20, Needham analyst Gil Blum reiterated Recursion Pharmaceuticals with a Buy and maintained a $11 price target.
“There’s not enough specialty,” Cramer said when asked about ZoomInfo Technologies Inc. (NASDAQ:ZI). “Let’s let that go.”
On Nov. 12, ZoomInfo Technologies reported better-than-expected earnings for its third quarter.
Dow Inc.. (NYSE:DOW) is “tough,” the “Mad Money” host said. “If you don’t have growth and you sell at 21 times earnings, you won’t be able to do anything.”
On Nov. 8, Piper Sandler analyst Charles Neivert kept Dow with an Overweight rating and lowered his price target from $62 to $60.
Cramer said, “Accounting irregularities are tantamount to selling,” when asked about super microcomputer (NASDAQ:SMCI).
Super Micro Computer saw its shares drop significantly on Tuesday after announcing the termination of two critical loan agreements with major financial institutions.
Price action at yesterday’s close:
-
Aptiv shares fell 3.2% to close at $55.28 on Tuesday.
-
Reddit shares fell 4.4% to close at $135.61.
-
Recursion Pharmaceuticals shares fell 1.8% to close at $5.89.
-
ZoomInfo shares gained 0.2% to close at $10.89.
-
Dow shares fell 2.9% to close at $44.54 on Tuesday.
-
Super Micro Computer shares fell 10.4% to settle at $34.43 during the session.