Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Jim Cramer Shares His Thoughts On Bank of America, Douglas Emmett And More

Published 07/04/2022, 13:50
Updated 07/04/2022, 14:42
Jim Cramer Shares His Thoughts On Bank of America, Douglas Emmett And More
BAC
-
DEI
-
BOAC34
-
BAC_pm
-

On CNBC’s "Mad Money Lightning Round," Jim Cramer said BlueLinx Holdings Inc’s (NYSE: BXC) stock anticipated that interest rates would be rising. Therefore "I would actually be a buyer, not a seller of that stock."

When asked about DigitalOcean Holdings, Inc. (NYSE: DOCN), Cramer said he's not recommending firms that aren’t making money.

Cramer said Douglas Emmett, Inc. (NYSE: DEI) is a profitable company.

When asked about Poshmark, Inc. (NASDAQ: POSH), Cramer said he's not in favor of companies that are losing money.

Cramer said Cleveland-Cliffs Inc. (NYSE: CLF) is at "such a spike. Let’s take a breather on that one."

When asked about Bank of America Corporation (NYSE: NYSE:BAC), Cramer said, "The group that is going to determine the ultimate direction of this market is the banks." The market will go higher in case Bank of America does well and he believes it will.

Cramer said he doesn’t want to sell Tutor Perini Corporation (NYSE: TPC) as it makes a lot of money.

Check out our premarket coverage here.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.