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Jim Cramer Likes This Industrial Stock 'Even Up Here,' As For ImmunityBio? 'It's Risky'

Published Dec 04, 2023 13:45 Updated Dec 04, 2023 15:10
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© Reuters. Jim Cramer Likes This Industrial Stock 'Even Up Here,' As For ImmunityBio? 'It's Risky'
 
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Benzinga - by Lisa Levin, Benzinga Editor.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Trane Technologies plc (NYSE: TT) so much. "I still like it, even up here," he noted.

Trane’s shares have surged around 32% over the past six months.

"I like these guys," Cramer said when asked about Palantir Technologies Inc. (NYSE: PLTR).

When asked about Walmart Inc. (NYSE: WMT), he said, "Man, that stock goes down every day. You know why? Because it used to go up every day. I think this is a good level to start buying Walmart." He added that Costco Wholesale Corporation (NASDAQ: COST) is better.

Cramer said ImmunityBio, Inc. (NASDAQ: IBRX) is losing a lot of money. "It’s a company that if they don’t get the approval that you want, it could be dangerous. As long as you accept the risk, then I’m fine, but it’s a very risky stock," he noted.

Don’t forget to check out our premarket coverage here

The "Mad Money" host said he doesn’t know what Ellington Financial (NYSE: EFC) owns. "I’m going to have to be a little more circumspect than you are," he added.

Cramer said he likes Air Lease Corporation (NYSE: AL). "But I got to tell you, if you like Air Lease, you’re going to love The Boeing Company (NYSE: BA)," he added.

Price Action: Shares of Boeing gained 1% to close at $233.87, while Air Lease rose 2.3% to $39.68 on Friday. Ellington Financial gained 0.9% to $13.12, while ImmunityBio rose 2.7% to $3.78 during Friday’s session. Costco gained 0.6% to $596.25, while Walmart shares fell 0.9% to settle at $154.34. Palantir shares rose 1.1%, while Trane Technologies rose 0.9% on Friday.

Now Read This: Investor Sentiment Increases As S&P 500 Reaches 2023 Record

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

Read the original article on Benzinga

Jim Cramer Likes This Industrial Stock 'Even Up Here,' As For ImmunityBio? 'It's Risky'
 

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