Cramer Says Buy This 'Magnificent 7' Tech Stock: A 'Monster Good Quarter... Hasn't Really Run'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Applied Materials, Inc. AMAT reported a "monster" quarter, but it’s still going higher. "We want to stay long on that one," he added.

"I think they’re a loser," Cramer said, when asked about TELUS International TIXT. "They’re just doing a terrible job. We do not need that, there’s like 40 other guys in that same space that are better."

When asked about Tutor Perini Corporation TPC, he said, "I think those guys are just where you should be right now. I think they’re going to come out of this thing. They’ve been in a funk, it’s a small cap stock, and they’re going to get good contracts, and I think they’re going to do very well with all of the federal money."

The "Mad Money" host said Alphabet Inc. GOOGL GOOGL reported a "monster good quarter, and the stock hasn’t really run. I’m going to say I’m going to bless buying that stock."

When asked about Rivian Automotive, Inc. RIVN, he said, "I think Rivian comes on this show and we do a big sit down. Because right now, 20 bucks, it’s neither here nor there, but if I sat down with the company, I’d get a better vibe."

Don’t forget to check out our premarket coverage here

Cramer said no to Rocket Lab USA, Inc. RKLB, adding, "We like companies that make money."

When asked about NIO Inc. NIO, he said, "No, no, we’re not buying any Chinese stocks. I know that they’re getting subsidized by the government…but I’m not buying it."

Medical Properties Trust, Inc. MPW is "one of those where the yield is actually too high, and it makes me uncomfortable," Cramer said.

Cramer said Huntington Bancshares Incorporated HBAN is a good stock.

Price Action: Shares of Huntington Bancshares closed at $11.14, while Medical Properties Trust gained 1.2% to $7.01 on Monday. NIO shares gained 2.6% to settle at $10.95, while Rocket Lab rose 0.3% to close at $5.88 during Monday’s session. Rivian Automotive shares gained 1.9%, while Alphabet added 0.7% during the session. Tutor Perini shares gained 1.9%, TELUS International lost 2.6% and Applied Materials shares gained 4.3% on Monday.

Now Read This: Investor Optimism Improves Slightly After Nasdaq Ends 4-Session Losing Streak

Photo: Shutterstock