On CNBC’s "Mad Money Lightning Round," Jim Cramer said American Electric Power Company, Inc. (NASDAQ:AEP) is a buy. The company’s stock has lost around 6% over the past six months.
Bunge Global SA (NYSE:BG) is a "battleground" stock, Cramer said, "I feel like the whole agricultural complex has become a battleground. And I’m not going to wade in there. I want that stock to bottom before I would make a move." Wolfe Research analyst Sam Margolin, last week, downgraded Bunge Global from Outperform to Peer Perform.
When asked about Allegiant Travel Company (NASDAQ:ALGT), he said, "Why don’t you just go buy Booking Holdings Inc. (NASDAQ:BKNG)."
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Price Action: Shares of Intel fell 2.1% to close at $46.06, while Booking shares fell 0.4% to $3,489.90 on Wednesday. Allegiant Travel fell 3.2% to settle at $71.84, while Bunge shares slipped 0.3% to close at $94.50 during Wednesday’s session. American Electric shares fell 1.5% to settle at $79.73 on Wednesday.
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