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'I'm Not Going There,' Cramer Says About This Energy Stock

Published 03/10/2022, 13:21
Updated 03/10/2022, 14:10
© Reuters.  'I'm Not Going There,' Cramer Says About This Energy Stock

On CNBC’s "Mad Money Lightning Round," Jim Cramer said UiPath Inc (NASDAQ: PATH) is losing money, and he is not recommending companies that are losing money.

When asked about Equinor ASA (NYSE: EQNR), Cramer said Enbridge (NYSE: ENB) gives a "much better yield."

The "Mad Money" host said MP Materials Corp (NYSE: MP) does "make money, and it is very well-run."

nLight Inc (NASDAQ: LASR) is losing money, Cramer said.

When asked about Petroleo Brasileiro SA Petrobras (NYSE: PBR), he said, "I’m not going there."

Cramer recommended buying Amerisourcebergen Corp (NYSE: ABC).

When asked about New Mountain Finance Corp (NASDAQ: NMFC), he said, "We don’t know what they’re invested in, and as far as I’m concerned, therefore it’s too dangerous."

Also Read: As Credit Suisse (SIX:CSGN)'s Credit Default Swaps Spike To Near 2008 Levels, Rumors Of Lehman-Like Collapse Floated, Bank Steps In To Allay Concerns

The "Mad Money" host said he likes BJ’s Wholesale Club Holdings (NYSE: BJ) very much. However, Cramer said his Charitable Trust owns Costco (NASDAQ: NASDAQ:COST) and "I do prefer them."

Photo: Courtesy of Scott Beale on flickr

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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