Benzinga - by Lisa Levin, Benzinga Editor.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said BP (NYSE: BP) is "not great, not bad." He added, "This whole group is going through a real re-evaluation. I’m sticking with my Coterra Energy Inc. (NYSE: CTRA)."
When asked about Super Micro Computer, Inc. (NASDAQ: SMCI), he said, "Stay in love, it’s a real good situation."
Cramer said Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) is a Canadian company that "I don’t really have a lot of confidence in, and I’m not recommending any companies that are losing money hand over fist, because they tend to go down even faster than the ones that are making money hand over fist."
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When asked about General Motors Company (NYSE: GM), he said, "I just suffered through a torching with Ford (NYSE: F), do I really need to have a twin barbecue with GM? I’m going to take a big Kingsford pass."
The "Mad Money" host recommended waiting until CNH Industrial N.V. (NYSE: CNHI) reports earnings. "When they report, we can take a hard look at it, and that’s going to be in eight days, let’s make a decision then," he noted.
"Let’s just go buy The Boeing Company (NYSE: BA)," Cramer said when asked about Archer Aviation Inc. (NASDAQ: ACHR).
When asked about Symbotic Inc. (NYSE: SYM), he said, "I do know it, and I think we’re going to have to wait to see the earnings."
Price Action: Shares of Symbotic fell 5.4% to close at $35.35, while Archer Aviation fell 4.9% to $4.45 on Friday. Boeing rose 0.3% to settle at $179.69, while CNH Industrial fell 2.3% to close at $10.86 on Friday. General Motors shares fell 4.7% to close at $27.22, while Ford fell 12.3% to $9.96 during Friday’s session. Aurinia Pharmaceuticals shares fell 1.9% to $7.19, while Super Micro Computer shares rose 0.8% to $241.40. Shares of Coterra Energy fell 0.8% to settle at $27.70 on Friday.
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