Jim Cramer: This Energy Firm Has 'Good Growth, Good Yield' But As For IonQ? Ixnay

Zinger Key Points
  • Jim Cramer said Equitrans Midstream is very solid.
  • "I’d be a buyer, not a seller, of Jabil," Cramer said.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Equitrans Midstream Corporation ETRN is very solid. "Good growth, good yield. I like their profile," he added.

"I don’t think it holds up under close scrutiny," Cramer said when asked about IonQ, Inc. IONQ. "I say ix-nay IonQ-nay."

Cramer recommended not selling BorgWarner Inc. BWA down here. "You stay long, don’t get discouraged," he added.

When asked about Longboard Pharmaceuticals, Inc. LBPH, he said, "My inclination is to think that we just have to say we missed the Longboard Pharma move. Because when I see a parabolic move like that, I know I am not early."

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The "Mad Money" host said Jabil Inc. JBL had a "not great quarter, and the stock didn’t go down. When I see that kind of activity, it kind of piques my interest. I’d be a buyer, not a seller, of Jabil."

When asked about LendingTree, Inc. TREE, he said, "I just don’t think you’re going to get a lot of mojo out of that thing."

Price Action: Shares of LendingTree fell 2.7% to close at $28.63, while Jabil fell 0.6% to $127.35 on Wednesday. Longboard Pharmaceuticals dipped 10.8% to settle at $22.40, while BorgWarner fell 5.3% to $34.03 during Wednesday’s session. IonQ shares fell 1.9% to settle at $11.93, while Equitrans Midstream rose 0.2% to close at $10.28 on Wednesday.
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