Cramer Says This Company Is In A 'Business That Is In A Serious Recession Right Now'


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On CNBC’s "Mad Money Lightning Round," Jim Cramer said Lamar Advertising Co (NASDAQ:LAMR) is in a "business that is in a serious recession right now. So, I am going to have to say no to that."

When asked about Costamare Inc (NASDAQ:CMRE), Cramer said he doesn’t like the container ship business. "The rates are falling. I’m not going to say, buy that,” he added.

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The "Mad Money" host said Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) is a very, very good company. "You just let that one run," he added.

When asked about Torm PLC (NASDAQ:TRMD), he said, "People love the tankers because they look so compelling. That one’s moved. The train has left."

Cramer said he is "betting with, not against, Splunk Inc (NASDAQ:SPLK)."

Now Read This: Starbucks, NVIDIA And These 3 Stocks Insiders Are Selling

Photo via Shutterstock. 


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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