HomeMarket NewsSmall CapsMad Money's Cramer Backs Trane Technologies, Brands ImmunityBio 'Risky'

Mad Money’s Cramer Backs Trane Technologies, Brands ImmunityBio ‘Risky’

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Beloved market maven Jim Cramer bestowed Trane Technologies plc TT with praise, expressing unbridled admiration for a company whose share price has surged an eye-popping 32% over the past six months, exclaiming, β€œI still like it, even up here,” he declared enthusiastically.

The β€œMad Money” host exhibited similar favoritism for Palantir Technologies Inc. PLTR, while airing some grievances about Walmart Inc. WMT, divulging, β€œMan, that stock goes down every day. You know why? Because it used to go up every day. I think this is a good level to start buying Walmart.” In an unexpected twist, Cramer also ranked Costco Wholesale Corporation COST as superior.

In a more cautionary tone, Cramer expressed his trepidation about the future of ImmunityBio, Inc. IBRX, cautioning, β€œIt’s a company that if they don’t get the approval that you want, it could be dangerous. As long as you accept the risk, then I’m fine, but it’s a very risky stock,” he warned pointedly.

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Cramer admitted his ignorance regarding Ellington Financial EFC, stating, β€œI’m going to have to be a little more circumspect than you are,” as he pivoted to lavish praise on Air Lease Corporation AL. β€œBut I got to tell you, if you like Air Lease, you’re going to love The Boeing Company BA,” he enthused.

Price Action: The market saw Boeing gaining 1% to close at $233.87 and Air Lease rising 2.3% to $39.68 on Friday. In the same session, Ellington Financial gained 0.9% to $13.12, while ImmunityBio rose 2.7% to $3.78. Meanwhile, Costco gained 0.6% to $596.25, Walmart shares fell 0.9% to settle at $154.34, Palantir shares rose 1.1%, and Trane Technologies rose 0.9% on Friday.

Now Read This: Investor Sentiment Increases As S&P 500 Reaches 2023 Record

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