On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended staying away from First Solar, Inc. (NASDAQ:FSLR).
Evercore ISI Group analyst Nicholas Amicucci maintained First Solar with an In-Line rating on Aug. 17 and cut the price target from $219 to $218.
Grab Holdings Limited (NASDAQ:GRAB) is a holding company, Cramer said. “You can’t even find anything about this thing.”
On Aug. 4, Grab Holdings reported better-than-expected second-quarter financial results and raised its FY26 sales guidance, with the midpoint above estimates. Also, the company approved a $750 million buyback.
When asked about SpaceX (NASDAQ:SPCX), Cramer said, “Put it away and give it to your kids.”
JPMorgan reiterated an Overweight rating and a $240 price target on the stock on Tuesday, citing progress on SpaceX’s AI ambitions following its recent acquisition of Cursor.
Cramer recommended selling half of ServiceNow, Inc. (NYSE:NOW) and then “let the rest run.”
According to recent news, ServiceNow announced last week an expanded multi-year partnership with Tech Mahindra aimed at helping enterprises move AI projects from pilot programs into full-scale production.
When asked about Sunbelt Rentals Holdings, Inc. (NYSE:SUNB), Cramer said this business if too hard unless it’s United Rentals, Inc. (NYSE:URI).
On the earnings front, Sunbelt Rentals will hold its first-quarter fiscal year 2027 results call on Wednesday, Sept. 9.
Cramer said he doesn’t want to own Super Micro Computer, Inc. (NASDAQ:SMCI).
Cisco Systems, Inc. (NASDAQ:CSCO) announced Tuesday an expansion of its Secure AI Factory offering with Nvidia Corp. (NASDAQ:NVDA) through a new partnership with Super Micro Computer.
Reddit, Inc. (NYSE:RDDT) is “such a buy,” Cramer said.
Supporting his view, Reddit posted better-than-expected earnings and sales results for the second quarter on July 30.
Price Action
- Grab Holdings shares rose 1.7% to settle at $3.58 on Tuesday.
- SpaceX shares gained 2.2% to close at $137.95 during the session.
- ServiceNow fell 0.8% to settle at $127.00 on Tuesday.
- First Solar shares slipped 0.7% to close at $206.82.
- Sunbelt Rentals shares fell 0.9% to settle at $75.69 on Tuesday.
- Super Micro Computer shares gained 9.4% to close at $38.46.
- Reddit shares climbed 6.4% to settle at $162.45 on Tuesday.
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