On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Joby Aviation (NASDAQ:JOBY) is “way too risky.”
“If you’re just starting out, I want you to be in something that could actually go up over time, and you don’t feel like you get disgusted if it drops real quick,” Cramer said. “That’s what could happen with Joby.”
Joby Aviation’s stock gained on Monday following point-to-point electric vertical takeoff and landing (eVTOL) air taxi demonstration flights in New York City.
BillionToOne, Inc. (NASDAQ:BLLN) is really good diagnostic company, Cramer said. “I think BillionToOne’s a winner.”
When asked about Boston Scientific Corporation (NYSE:BSX), he said, “Well the competition just got too strong for Boston Scientific. They’re always one step out of the posse, and they’ve just been caught. I think they can come back.”
Rocket Lab (NASDAQ:RKLB) is a “winner, and that is a speculative stock that I am blessing right here,” Cramer said.
Stifel analyst Erik Rasmussen, on April 20, reiterated a Buy rating on Rocket Lab. Rasmussen also raised the price target from $90 to $105.
“I think it needs to drop back a little, and I don’t want you to be caught in that downdraft if you buy it tomorrow [on Tuesday],” Cramer said when asked about Fabrinet (NYSE:FN).
Pinnacle West Capital Corporation (NYSE:PNW) hasn’t “really been a beneficiary of the data build up, but it happens to be really good company. So, I’m not going to tell you to run from Pinnacle…Buy some here and then buy some a little bit lower,” Cramer said.
Cramer said Intuitive Machines, Inc. (NASDAQ:LUNR) is the kind of speculative stock that he is going to endorse.
Roth Capital analyst Suji Desilva, on April 17, maintained Intuitive Machines with a Buy and raised the price target from $25 to $35.
Price Action:
- Joby Aviation shares gained 6.4% to settle at $9.04 on Monday.
- Fabrinet shares fell 4.9% to close at $684.76.
- BillionToOne shares fell 3.5% to settle at $81.76 on Monday.
- Boston Scientific shares declined 3.4% to close at $59.95.
- Pinnacle West Capital shares gained 0.1% to settle at $102.40.
- Rocket Lab shares gained 3.3% to settle at $82.29 on Monday.
- Intuitive Machines shares gained 2.6% to close at $26.20.
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