Jim Cramer: Buy ZIM Integrated Shipping Services, This IPO Could Add 'A Couple Of Bucks'

BlackBerry Limited
Honeywell International Inc.
Eagle Nuclear Energy Corp.
Power Solutions International, Inc.
ZIM Integrated Shipping Services Ltd.

BlackBerry Limited

BB

0.00

Honeywell International Inc.

HON

0.00

Eagle Nuclear Energy Corp.

NUCL

0.00

Power Solutions International, Inc.

PSIX

0.00

ZIM Integrated Shipping Services Ltd.

ZIM

0.00

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying ZIM Integrated Shipping Services Ltd (NYSE:ZIM), especially against the backdrop of the ongoing Middle East tensions.

"I like the shipping stocks, but then all the stuff that's come up with the war, we recognize a little more valuable than I thought with 14% yield," he said. "I would buy some."

When asked about Eagle Nuclear Energy Corp (NASDAQ:NUCL), Cramer stated that the company is "100% spec," while warning that he did not know whether this is "really true or not." He said he would not bet his farm on this stock.

Cramer expects BlackBerry Ltd's (NYSE:BB) stock to rise, as the company has "some really interesting technology in the auto world".

Cramer recommended investors cut their losses if they owned Power Solutions International Inc (NASDAQ:PSIX), given the huge miss in their latest quarterly results. "I'm not kidding, it's going to have to wait a full quarter before you ever want to buy that one again," he added.

Regarding Quantinuum's IPO this week, Cramer said that it is a Honeywell International Inc (NASDAQ:HON) spin-off that is likely to be "red hot." He added that the stock could rise "a couple of bucks" and that it could be "worth owning."

Price Action

  • ZIM Integrated Shipping Services shares rallied 5.24% to close at $24.72 on Friday.
  • Eagle Nuclear Energy's stock was up almost 4% during the session.
  • Shares of BlackBerry had risen 8.00% to settle at $9.72 on Friday.
  • Power Solutions International's stock tanked 5.52% to $39.38.
  • Honeywell International shares lost 1.32% to close at $236.54 on Monday.

Image: Shutterstock