Jim Cramer: Bank Of America Is 'Incredibly Cheap'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said with interest rates expected to increase this year, Bank of America Corporation BAC is an "incredibly cheap stock." He expects the bank’s stock to rise to $50.

When asked about New Fortress Energy Inc. NFE, he said, "If I’m going to construct energy infrastructure I am going to end going with NextEra Energy, Inc. NEE."

Cramer said although he likes Cyxtera Technologies, Inc. CYXT Chairman Manuel Medina, he is unsure about the company and wanted to do some more work on the same.

The Mad Money host said, "They’ve beaten that thing up. I mean, stocks do stop at zero," when asked about The Lion Electric Company LEV. He recommended not selling the stock.