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Jim Cramer Doesn’t Like This Tech Stock: It Is ‘Losing A Lot Of Money’
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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he doesn’t like BigBear.ai Holdings, Inc. (NYSE:BBAI) as it is “losing a lot of money.”

BigBear.AI, on Oct. 27. reported third-quarter revenue of $43.58 million, beating analyst estimates of $38.94 million, according to Benzinga Pro. The company reported a quarterly loss of three cents per share, beating expectations of a six-cent-per-share loss.

Cramer said he doesn’t know Proto Labs, Inc. (NASDAQ:PRLB).

On the earnings front, Proto Labs, on Oct. 29, reported better-than-expected third-quarter financial results.

When asked about Enphase Energy, Inc. (NASDAQ:ENPH), he said, “I can’t recommend them, not when I have NextPower (NASDAQ:NXT).”

Enphase Energy, on Oct. 27, reported worse-than-expected third-quarter financial results and issued fourth-quarter sales guidance below estimates.

Cramer said Dow Inc. (NYSE:DOW) is “so levered to China. We need China to do better.”

Dow reported better-than-expected third-quarter earnings and revenue on Oct. 22.

Price Action

  • Proto Labs shares fell 3.8% to settle at $66.48 on Wednesday.
  • Enphase Energy shares rose 3.7% to close at $31.55 during the session.
  • Dow shares declined 3.2% to settle at $32.70.
  • BigBear.ai shares gained 1.2% to close at $2.56.

Photo via Shutterstock

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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