On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying ZIM Integrated Shipping Services Ltd (NYSE:ZIM), especially against the backdrop of the ongoing Middle East tensions.
"I like the shipping stocks, but then all the stuff that's come up with the war, we recognize a little more valuable than I thought with 14% yield," he said. "I would buy some."
When asked about Eagle Nuclear Energy Corp (NASDAQ:NUCL), Cramer stated that the company is "100% spec," while warning that he did not know whether this is "really true or not." He said he would not bet his farm on this stock.
Cramer expects BlackBerry Ltd's (NYSE:BB) stock to rise, as the company has "some really interesting technology in the auto world".
Cramer recommended investors cut their losses if they owned Power Solutions International Inc (NASDAQ:PSIX), given the huge miss in their latest quarterly results. "I'm not kidding, it's going to have to wait a full quarter before you ever want to buy that one again," he added.
Regarding Quantinuum's IPO this week, Cramer said that it is a Honeywell International Inc (NASDAQ:HON) spin-off that is likely to be "red hot." He added that the stock could rise "a couple of bucks" and that it could be "worth owning."
Price Action
- ZIM Integrated Shipping Services shares rallied 5.24% to close at $24.72 on Friday.
- Eagle Nuclear Energy's stock was up almost 4% during the session.
- Shares of BlackBerry had risen 8.00% to settle at $9.72 on Friday.
- Power Solutions International's stock tanked 5.52% to $39.38.
- Honeywell International shares lost 1.32% to close at $236.54 on Monday.
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