Cramer: This Healthcare Stock Is A 'Screaming Buy.' As For Annaly? 'It's A Trap'

Zinger Key Points
  • Cramer recommends Enphase Energy and NGL Energy Partners.
  • As for FuelCell, Pampa Energia and Annaly? Cramer has reasons not to recommend these companies.

GE HealthCare Technologies Inc. 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."

On CNBC’s "Mad Money Lightning Round," Cramer also said he loves NGL Energy Partners LP NGL, calling it "one of these logistics companies that moves fuel."

Cramer recommended buying Enphase Energy, Inc. 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."

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There were three stocks viewers were advised to avoid:

  • When asked about FuelCell Energy, Inc. 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.
  • When asked about Pampa Energia SA 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."
  • The "Mad Money" host also recommended staying away from Annaly Capital Management, Inc. 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."

Price Action: Shares of Annaly Capital fell 0.4% to close at $20.65, while Pampa Energía fell 0.9% to $38.19 on Wednesday. Enphase Energy shares fell 0.3%, while FuelCell Energy shares dipped 7.9% during the session. NGL Energy and GE HealthCare both gained 1% on Wednesday.

 

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