On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Rivian Automotive, Inc. (NASDAQ:RIVN). However, the company is "losing so much money that I think they have to do even more financing than they've done. We're going to wait for the second financing before we pull the trigger on Rivian," he added.
When asked about Public Storage (NYSE:PSA), he said, "I want you to wait until 200. That means your next buy will be more meaningful and not until then."
Schlumberger Limited (NYSE:SLB) reported a "remarkable" quarter, Cramer said. "I would buy some here and buy some a little bit lower," he added.
Cramer said Aehr Test Systems (NASDAQ:AEHR) is an "expensive stock, and in this market, we have to be very, very careful because stocks are being divorced from fundamentals."
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When asked about The Trade Desk, Inc. (NASDAQ:TTD), he said, "It is a terrific company, the stock is rich, this market doesn't have a tolerance for that. I would buy some and then wait until it goes lower."
The "Mad Money" host said Hawaiian Electric Industries, Inc. (NYSE:HE) is an interesting spec. "But if you think it's some sort of investment, great piece of paper, I got bad news for you, it ain't," he noted.
Price Action: Shares of Hawaiian Electric gained 2.8% to close at $12.64, while Trade Desk fell 6.3% to $71.67 on Wednesday. Aehr Test Systems fell 5.6% to settle at $31.14, while Schlumberger fell 0.7% to close at $56.62 on Wednesday. Public Storage shares fell 1.9% to close at $237.99, while Rivian fell 2.4% to $17.02 during Wednesday's session.
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