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

Published 04/12/2023, 13:45
Updated 04/12/2023, 15:10
© 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.

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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.

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