Cramer Gives Auto Semiconductor Company A Thumbs Down: 'Self-Driving Has Hit A Snag'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Extreme Networks, Inc. EXTR is fine. "I mean, it’s just one of many companies that is not proprietary enough for me to be able to recommend, especially at this point when people seem to want to sell tech," he added.

Cramer said Zimmer Biomet Holdings, Inc. ZBH did not report a good quarter. He added, "When these guys don’t have a good quarter, there’s really no stopping them, they’re on the move. I say you have to re-circle the wagons and buy GE HealthCare Technologies Inc. GEHC, which is much too cheap."

When asked about Arista Networks, Inc. ANET, he said, "A lot of people like Arista, and it does trade, it does trade with NVIDIA Corporation NVDA. I actually think the much cheaper and not as complimentary play is Cisco Systems, Inc. CSCO."

The "Mad Money" host said although NRG Energy, Inc. NRG is good, he likes "this new gang that runs The Southern Company SO."

When asked about Ecolab Inc. ECL, he said, "I think they’re ok. I’ll tell you something, I know that it sounds like it’s a little far afield, but Cintas Corporation CTAS has a similar business. I think Cintas is the way to go."

Don’t forget to check out our premarket coverage here

Cramer said Old Republic International Corporation ORI is a "very good company, but when we talk insurance, we just talk Chubb Limited CB."

When asked about indie Semiconductor, Inc. INDI, he said, "Self-driving has hit a snag. I’m not going to recommend a self-driving related semi company, just not right here, not right now, not if it’s losing money."

Cramer said he prefers NVIDIA Corporation NVDA over Super Micro Computer, Inc. SMCI.

Now Read This: Fear & Greed Index Moves To 'Fear' Zone Ahead Of Powell's Speech

Photo: Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsSmall CapMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...