On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Ultra Clean Holdings, Inc. (NASDAQ:UCTT) very much, “but the problem is that I really like the industrial gases that are delivered by Ultra Clean and that means you should buy Linde plc (NYSE:LIN), which is owned by my charitable trust.”
Cramer said he likes Pioneer Natural Resources Company (NYSE:PXD) more than TotalEnergies SE (NYSE:TTE) and believes Pioneer is a better run company.
The “Mad Money” host said Nikola Corporation (NASDAQ:NKLA) is a “meme stock, it’s a controlled stock.” He noted, “It doesn’t have anything to do with what’s really going on at the company. It’s got a very big short position, it can continue to go or not.”
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Cramer said Pioneer Natural Resources Company (NYSE:PXD) reported a fantastic quarter. “I know that the opportunity is very vast because it is the lowest cost producer of oil in our country. So I am a buyer of Pioneer at $229,” he added.
Stanley Black & Decker, Inc. (NYSE:SWK) is “doing incredibly well, I can’t believe that the stock’s back under $100,” Cramer said.
Allegro MicroSystems, Inc. (NASDAQ:ALGM) is “expensive,” Cramer said, “I know that everybody wants to buy anything involving any kind of semiconductor. I don’t like that, I want to hold off and let that group come in.”
Price Action: Shares of Ultra Clean gained 0.2% to close at $36.00, while Linde fell 0.8% to $380.75 on Thursday. TotalEnergies shares gained 1.7% to settle at $59.28, while Pioneer added 0.9% to close at $229.98 during the Thursday’s session. Nikola shares jumped 12.4% to $3.3950, while Stanley Black & Decker fell 2.1% to $99.14. Allegro MicroSystems shares fell 0.2% to settle at $43.13 on Thursday.
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