Jim Cramer Likes Founder Of AI Company, But Stock Is 'Losing A Fortune' And There's 'Too Much Hype There'

Zinger Key Points
  • Jim Cramer praises HubSpot for growth, skeptical about New York Community Bancorp.
  • Cramer backs CrowdStrike's success, cautious on Chewy and Albemarle Corporation's prospects.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said HubSpot, Inc. HUBS is like a "mini-Salesforce, it’s got incredible growth, and people like growth again. I think the stock will rally from here."

When asked about New York Community Bancorp, Inc. NYCB, he said, "I just think even with lower rates, it’s just not going to, it’s just a tough, tough environment."

Cramer said Chewy, Inc. CHWY is "bottoming here, but I just don’t know [how] much upside, because think people can get the stuff from Amazon.com Inc AMZN."

When asked about Albemarle Corporation ALB, he said, "I think lithium’s coming down in price and there’s no reversing it, just, kind of not the right place to be."

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The "Mad Money" host said Brown-Forman Corporation (NYSE: BF-B) is a "good company, But, you know what, I do believe that as soon as someone starts doing the GLP-1 trial for heavy drinkers, I think people are going to say I’ve got to get out of Brown-Forman."

"I think that the prospects are really great for it," Cramer said when asked about Leonardo DRS, Inc. DRS.

Sarepta Therapeutics, Inc. SRPT is losing a huge amount of money, Cramer said. "They’ve broken a lot of hearts. I’m not going there on that one."

When asked about C3.ai, Inc. AI, he said, "They’re not delivering, they’re losing a fortune. Look, I happen to like the founder, Tom Siebel, I’ve known him for years and years. But there’s too much hype there and too much hope there, and I don’t like either 'H.'"

"If you’re going to buy a regional bank, US Bancorp USB, you could do a lot worse than that," Cramer said.

"I think it’s had legs. I mean, this thing has just been an incredible horse," Cramer said about CrowdStrike Holdings, Inc. CRWD. "I’ve been a backer of George Kurtz the whole darn way, and he continues to do well for us, and I say he will continue to do well."

Price Action: Shares of CrowdStrike gained 3.5% to close at $207.97, while US Bancorp gained 6.3% to $36.15 on Tuesday. C3.ai rose 7.4% to settle at $29.63, while Sarepta Therapeutics rose 3.6% to close at $82.50 during Tuesday’s session. Leonardo DRS shares gained 3.5% to settle at $20.86, while Brown-Forman gained 2.7% to $59.09 on Tuesday. Albemarle shares jumped 9.8%, while Chewy added 3.9% on Tuesday. New York Community Bancorp gained 0.6%, while HubSpot climbed 5.5% on Tuesday.

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