A sign reading Mad Money is seen next to an American flag on 1 October 2013 in New York City. The CNBC show hosted by Jim Cramer seeks to help the general public navigate the confusing world of Wall Street investing. (Photo by Cem Ozdel/Anadolu Agency/Getty Images)
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GE HealthCare Technologies Inc. (NASDAQ: GEHC) is a “screaming buy right here,” according to CNBC’s Jim Cramer, adding If there are indeed more elective surgeries, there is going to be more need for their big MRIs.”
GE HealthCare Technologies, a spin-off from General Electric, is a medical technology company for the healthcare industry. General Electric retains 20% of the company.
On CNBC’s “Mad Money Lightning Round,” Cramer also said he loves NGL Energy Partners LP (NYSE: NGL), calling it “one of these logistics companies that moves fuel.”
Cramer recommended buying Enphase Energy, Inc. (NASDAQ: ENPH), and added that, “I happen to think that home solar equipment is here to stay, and you’re getting a terrific opportunity to buy this stock much lower.”
Enphase is a global energy management technology company that provides residential and commercial solar plus storage solutions.
There were three stocks viewers were advised to avoid:
When asked about FuelCell Energy, Inc. (NASDAQ: FCEL), Cramer said he can’t recommend stocks that are not making money. “There’s no reason why they are still losing money,” he added.
FuelCell Energy services, designs, and manufactures Direct Fuel Cell power plants.
When asked about Pampa Energia SA (NYSE: PAM), he said, “I cannot recommend the stocks that are Argentinian or Brazilian… Because Argentina’s got runaway inflation, and Brazil’s got an unstable government.”
Pampa Energia SA is an electricity and oil & gas company based in Argentina.
The “Mad Money” host also recommended staying away from Annaly Capital Management, Inc. (NYSE: NLY) and believes it’s a “trap.” He added, “It always looks like it has a high yield, but the fact is it’s been a terrible performer for years and years.”
For more information about Jim Cramer’s successful investment methods, check out his library of published books. As of 2023 he is the author of seven books, many of which have gone on to be bestsellers.
Produced in association with Benzinga
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