Jim Cramer Flags Industrial Company With 'Almost No Revenue,' Says No To Rocket Companies
Globus Medical Inc Class A GMED | 0.00 | |
Everspin Technologies, Inc. MRAM | 0.00 | |
Energy Vault NRGV | 0.00 | |
PureCycle Technologies Inc PCT | 0.00 | |
Rocket RKT | 0.00 |
On CNBC's “Mad Money Lightning Round,” Jim Cramer said no to PureCycle Technologies, Inc. (NASDAQ:PCT) as it has “almost no revenue.”
On the earnings front, PureCycle Technologies posted a first-quarter loss of 21 cents per share on May 6, with sales of $4.127 million.
Energy Vault Holdings, Inc. (NYSE:NRGV) is a “pure spec that's losing a fortune,” Cramer said.
On May 5, Energy Vault reported mixed first-quarter financial results and reaffirmed its 2026 guidance.
Cramer recommended being careful with Everspin Technologies, Inc. (NASDAQ:MRAM). “It's just up on a spike. I don't know whether it's a short squeeze, I mean, at least it does make money, but it's at 90 times earnings,” he added.
Everspin, on April 29, reported first-quarter adjusted earnings per share of 11 cents, beating the consensus estimate of 9 cents. In addition, it reported revenue of $14.90 million, beating the consensus estimate of $14.60 million. The company also announced a $40 million U.S. defense contract.
When asked about Globus Medical, Inc. (NYSE:GMED), “I feel there's not a lot of money to be made in this one.”
On the earnings front, Globus Medical, on May 7, reported better-than-expected first-quarter financial results and raised its FY26 adjusted EPS guidance above estimates.
Cramer said no to Rocket Companies, Inc. (NYSE:RKT).
The homeownership service is a “play on the idea that [new Fed Chair] Kevin Warsh is going to get in and cut rates,” Cramer said. “And I don't think he can because of the price of oil and how it is making it so that there is inflation throughout the system.”
Detroit-based Rocket Companies, on May 7, reported better-than-expected first-quarter financial results.
Price Action
- Purecycle Technologies shares gained 1.6% to settle at $12.59 on Friday.
- Energy Vault shares declined 3.4% to close at $5.93.
- Everspin Technologies shares fell 7.5% to settle at $37.57 during the session.
- Globus Medical shares declined 0.7% to settle at $76.64 on Friday.
- Rocket Companies shares fell 6.5% to close at $13.35.
Photo via Shutterstock