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Cramer Says 'Please Stay Away' From This EV Maker, It 'Should Not Be Public'

Published 08/09/2023, 14:24
Updated 08/09/2023, 15:40
© Reuters.  Cramer Says 'Please Stay Away' From This EV Maker, It 'Should Not Be Public'
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Benzinga - by Priya Nigam, Benzinga Staff Writer.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Norfolk Southern Corporation (NYSE: NSC) is the "cheapest I’ve seen in a very long time, I would buy it."

The "Mad Money" host said he likes SoFi Technologies, Inc. (NASDAQ: SOFI). "Stock has doubled, I think it has further to go," he added.

"No, this is not a company you want to be involved with," Cramer said when asked about VinFast Auto Ltd. (NYSE: VFS). "I don’t like anything about it, not a lot of cars sold. Please stay away from this, it’s the kind of thing that should not be public."

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When asked about Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR), Cramer said that he is not recommending stocks that are losing money.

Cramer suggested staying away from Alnylam Pharmaceuticals, Inc. (NASDAQ: ALNY) as the company is losing money as well.

When asked about Accenture plc (NYSE: ACN), Cramer said, "Julie Sweet is so good, she’s the CEO, and it is just such a good company, and people don’t even know what they do. They help you figure out how to deal with technology, they’re digitizers."

Price Action: Shares of Accenture gained 0.6% to close at $328.20, while Alnylam Pharmaceuticals slipped 0.2% to $201.10 on Thursday. Arrowhead Pharmaceuticals shares gained 3.4% to settle at $30.22, while VinFast dipped 26.6% to close at $17.99 during Thursday’s session. Sofi shares gained 0.4% to settle at $8.57, while Norfolk Southern declined 1.1% to close at $196.19 on Thursday.

Now Read This: Kroger, DocuSign And 3 Stocks To Watch Heading Into Friday

Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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