Jim Cramer: This Communication Services Stock Is A Buy, Recommends Holding On To Howmet Aerospace
On CNBC's “Mad Money Lightning Round,” Jim Cramer chose not to recommend Marvell Technology, Inc. (NASDAQ:MRVL), but advised holding on to Howmet Aerospace Inc. (NYSE:HWM).
When asked about Iron Mountain Incorporated (NYSE:IRM), he said, “If it rallies at all, I do want you to sell it. I just don't see the upside.”
Cramer recommended to hold on to FTAI Aviation Ltd. (NASDAQ:FTAI). “Aviation is not doing as well as the companies in travel, and that's what's hurting FTAI,” he noted.
“As specs go, I like it as these prices,” Cramer said when asked about Rocket Lab Corporation (NASDAQ:RKLB)
Although Astera Labs, Inc. (NASDAQ:ALAB) is a “very, very good” company, Cramer cannot get behind it at these prices.
As for Spotify Technology S.A. (NYSE:SPOT), it’s a buy, Cramer noted, calling it “a great subscription business.”
When asked about Booz Allen Hamilton Holding Corporation (NYSE:BAH), he said, “I'm going to take the other side of the sellers and recommend this stock.”
The “Mad Money” host said he would buy Jacobs Solutions Inc. (NYSE:J) at $132.
When asked about Neptune Insurance Holdings Inc. (NYSE:NP), Cramer said Chubb (NYSE:CB) is the only insurance company he'd recommend.
Price Action:
- Howmet Aerospace shares gained 1.4% to settle at $200.12 on Monday.
- Marvell Technology shares jumped 8.2% to close at $83.79.
- Spotify shares gained 0.2% to settle at $584.98.
- Neptune Insurance shares fell 0.9% to settle at $23.17.
- Booz Allen Hamilton shares slipped 0.02% to settle at $80.76.
- FTAI Aviation shares gained 3.1% to settle at $162.44 on Monday.
- Iron Mountain shares fell 0.3% to close at $84.73.
- Rocket Lab shares gained 5.3% to settle at $42.45 on Monday.
- Jacobs shares rose 3.2% to close at $132.87.
- Astera Labs shares gained 4.1% to close at $147.75.
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