Jim Cramer Says Stay Away From This Consumer Cyclical Stock, 'It's Too Dicey'

Zinger Key Points
  • As for Verizon Communications, Cramer says it's "just a bond and not a very good bond."
  • Joby Aviation is "losing money hand over fist," Cramer says.

Schlumberger Limited SLB is "very, very good," according to Jim Cramer on CNBC’s "Mad Money Lightning Round."

"I have to tell you, I like SLB very, very much, it’s a great company," he added.

When asked about Discover Financial Services DFS, he said, "I just think that in the end, I would like to go with best of breed, even though that stock seems very cheap, which puts us in the realm of owning Mastercard Incorporated MA."

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Cramer recommends holding onto Avnet, Inc. AVT. "I think the stock is too cheap. I like it, it’s got a very low price to earnings multiple, it’s very profitable," he added.

The "Mad Money" host recommended staying away from Sea Limited SE. "I think it’s too dicey," he added.

Verizon Communications Inc. VZ is "just a bond and not a very good bond, and you can get 7% elsewhere," Cramer noted.

Cramer recommends selling Joby Aviation, Inc. JOBY because "we’re not recommending any companies that are losing money hand over fist like Joby."

Price Action: Shares of Joby Aviation fell 5.8% to close at $6.54; Verizon lost 0.7% to $33.79 on Friday; Sea shares fell 1.5% to settle at $39.28; Avnet fell 1.2% to close at $47.78 on Friday; Mastercard shares gained 0.2% to settle at $414.31; Discover Financial fell 0.4% to close at $89.74 on Friday; SLB shares declined 1.7% to settle at $60.58 during the Friday’s session.

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