Jim Cramer Isn't Recommending SLB, And BlackBerry? 'Nothing There'

Zinger Key Points
  • Jim Cramer says he is not going to recommend Schlumberger.
  • The "Mad Money" host says AST SpaceMobile has had "too big a move."

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he is not going to recommend Schlumberger Limited SLB here, even though he likes the company as it has “got too much business that is not acting well right now.

On April 19, Schlumberger reported upbeat sales for its first quarter.

When asked about BWX Technologies, Inc. BWXT, he said, “Interesting, but I'm going to have to give you GE Vernova GEV. I need to have some stability, yours does not have the stability that I like.”

On May 6, BWX Technologies posted better-than-expected first-quarter earnings. The company posted adjusted earnings of 76 cents per share, beating market estimates of 69 cents per share. The company's quarterly sales came in at $603.933 million topping expectations of $599.914 million.

The “Mad Money” host said AST SpaceMobile, Inc. ASTS has had “too big a move.”

On May 29, AST SpaceMobile announced a partnership with Verizon Communications Inc VZ to provide Verizon customers with direct-to-cellular AST SpaceMobile service when needed.

When asked about BlackBerry Limited BB, Cramer said, “No, nothing there.”

On April 9, BlackBerry announced a collaboration with Advanced Micro Devices, Inc. AMD, designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, as well as repeatable determinism.

Price Action:

  • SLB shares rose 2% to settle at $44.55 on Friday.
  • BlackBerry shares fell 4.6% to close at $2.68 on Friday.
  • AST SpaceMobile fell 7.5% to close at $8.62 during Friday's session.
  • BWX Technologies shares fell 0.3% to close at $89.45.

Read Next: Top 4 Tech Stocks That May Explode This Month

Image: Vanva

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsMarketsMediaTrading IdeasCNBCmad money Lightning RoundStories That MatterJim Cramer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!