On CNBC’s “Mad Money Lightning Round,” Jim Cramer said AT&T Inc. (NYSE: T) is “as poorly managed as any company I’ve ever seen in my lifetime.” He added, “Walk away from it.”
When asked about Seres Therapeutics, Inc. (NASDAQ: MCRB), he said, “Because the stock is losing money hand over fist, and while I did introduce it and wrote an article about it several times when it came public, I have to admit that I am mystified by why it’s not doing better, despite the fact that it has something interesting. And the answer is I do not think the company is all that well-run.
When asked about Centrus Energy Corp. (NYSE: UEC), Cramer said: “I’m not a believer in uranium. I’m not a believer in uranium because I still think that the stench of Three Mile Island and even what happened in, with Southern, is going to make it so anything is going to change.”
The “Mad Money” host said Genius Sports Limited (NYSE: GENI) is losing too much money. “I’ve looked into this thing, and I’ve only been recommending Draft Kings because I want companies that make money now. When that company turns a profit, I’m willing to look at it, even if it might be higher than it is,” he added.
Cramer said Enovix Corporation (NASDAQ: ENVX) is “losing money hand over fist. I mean, you see, one of these things that I’ve been trying to emphasize to people is that there are so many companies that are making so much money, including Magnificent Seven. You do not need to reach lower and decide on companies that are losing money, because that’s not good.”
“What a great company, SLB’s terrific,” Cramer said, when asked about Schlumberger Limited (NYSE: SLB). “It’s really well run, and I would recommend the stock.”
Cramer said he is “very tortured by Verizon Communications Inc. (NYSE: VZ) because it’s one of those companies that’s very good product, but is just not doing well enough and has no growth. That’s why I like T-Mobile (NYSE: TMUS), even though it doesn’t have any yield. Because yield is not protected people from a decline in the value of Verizon.”
Price Action: Shares of Verizon rose 0.3% to close at $33.98, while SLB rose 1.8% to $57.02 on Monday. Enovix shares fell 2.9% to settle at $18.92, while Genius Sports gained 3.1% to $7.75 during the Monday’s session. Centrus Energy shares gained 0.2% to close at $34.21, while Seres Therapeutics fell 4.8% to $4.39. Shares of AT&T gained 1.3% to settle at $14.95 on Monday.
Produced in association with Benzinga
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