On CNBC's “Mad Money Lightning Round,” Jim Cramer said Ondas Inc. (NASDAQ:ONDS) is a meme stock, and he can't get behind a meme stock.
Ondas, on June 2, said that its World View subsidiary won a $4.8 million. The three-month contract allows it to provide high-altitude balloon surveillance services for a U.S. Navy SOUTHCOM maritime domain awareness program.
When asked about Thomson Reuters (NASDAQ:TRI), he said, “The problem is that this is media and media has been decimated by all things AI, and I can't get behind it.”
B of A Securities analyst Curtis Nagle, on May 19, maintained Thomson Reuters with a Neutral and lowered the price target from $115 to $98.
Cramer said, “Until the market turned ugly, Nebius (NASDAQ:NBIS) was one of my favorite stocks. Now I got to pull back because the facts of this entire market have changed. It's no longer got the right coloration to be able to speculate on Nebius.”
Nebius Group shares gained during Tuesday's premarket session after the company disclosed the launch of its Physical AI Living Lab.
Cramer likes Carnival Corporation (NYSE:CCL), and its low multiple. Viking Holdings Ltd (NYSE:VIK), however, is the “one you can sail home in.”
Loop Capital analyst Brandon Rolle, on June 1, initiated coverage on Carnival with a Buy rating. His price target is $36.
Regarding Wix.Com (NASDAQ:WIX), Cramer said his guy, Zach, can do what Wix does — at a fraction of the cost.
Several analysts, including, RBC Capital, Citigroup, B. Riley Securities and Wells Fargo, on Tuesday, lowered their price targets on the stock.
Price Action
- Thomson Reuters shares fell 1% to settle at $82.32 on Tuesday.
- Ondas shares dipped 6.3% to close at $9.65.
- Nebius shares gained 1% to close at $220.12 on Tuesday.
- Carnival shares gained 2.7% to settle at $27.73.
- Wix.Com shares rose slightly to $48.22 on Tuesday.
Photo via Shutterstock
Login to comment