share_log

Jim Cramer Says This Stock Is Losing Money

Benzinga Real-time News ·  Jun 14, 2022 09:30

On CNBC's "Mad Money Lightning Round," Jim Cramer said Matterport, Inc. (NASDAQ:MTTR) is losing money, and he doesn't recommend any stocks that are losing money.

When asked about Rivian Automotive, Inc. (NASDAQ:RIVN), Cramer said Ford Motor Company (NYSE:F) stock is very cheap, and they have got to sell the rest of their shares of Rivian.

Cramer said this is not the time to buy Freeport-McMoRan Inc. (NYSE:FCX) as he believes the commodity rally is over.

When asked about Veru Inc (NASDAQ:VERU), he said, "We caught a big move. How about we just leave it at that."

The "Mad Money" host said he can't be behind Cintas Corporation (NASDAQ:CTAS) at 31 times earnings as he believes the Biden Administration wants to be "pro-business but doesn't know how."

Also Read: 'Plan For The Worst So We Can Operate The Business Through Any Environment,' Coinbase CEO Announces 18% Staff Reduction

With HanesBrands Inc (NYSE:HBI) selling at five times earnings, and having a 5% yield, Cramer said he needs to do some work on this as it "seems too strange" to him.

Cramer believes ZIM Integrated Shipping Services Ltd. (NYSE:ZIM), which "looks to be a beneficiary of a lot of more commerce, is getting less commerce." He, therefore, doesn't want to recommend the stock.

BorgWarner Inc. (NYSE:BWA) is not as cheap as it looks, Cramer said. Therefore, he recommends buying Ford, which "would be a better buy."

Check out our premarket coverage here .

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment