Jim Cramer Writes Off Entire Telco, Wireless Industry: 'It's Such A Shame'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Carpenter Technology Corporation CRS is a "very, very good company, Philadelphia-area company. Now the stock has had quite a run, I don’t know if I just want to come in and buy it, but you’ve got a winner there." He added, "I have liked that company for many, many years."

When asked about Golar LNG Limited GLNG, he said, "Honestly, if you’re going to be in LNG, just go to Coterra Energy Inc. CTRA."

Aehr Test Systems AEHR is a "very interesting testing company," Cramer said. "I would rather see you in Emerson, as a matter of fact, I think it’s a better situation."

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The "Mad Money" host said Harmonic HLIT is in "telco and wireless and that is just not where you can be. It’s such a shame that we just kind of, that I’ve kind of written off a whole industry, but I have to be careful, that industry is not doing well."

When asked about SoFi Technologies, Inc. SOFI, he said, "I think, if anything, I’m a buyer, not a seller."

Cramer said Watsco, Inc. WSO is a "very, very good company."

Price Action: Shares of Watsco fell 2.8% to close at $346.47, while SoFi Technologies lost 4.5% to $7.95 on Thursday. Harmonic shares gained 0.3% to settle at $9.57, while Aehr Test Systems fell 6.2% to close at $42.56 on Thursday. Golar LNG shares slipped 0.7% to settle at $23.07, while Coterra Energy declined 3.1% to close at $26.10 during Thursday’s session. Carpenter Technology shares rose 0.5% to close at $68.79 on Thursday.

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