On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended selling Plug Power Inc. (NASDAQ: PLUG) in case it bounces, because “I’ve got to tell you, that company has disappointed for so long.”
Cramer had given investors what to invest and not to sell in order to give them strategies to profit off the stocks.
Power Plug, Inc. sell an essential household need for plugs that helps the average consumers that powers electronics.
The need of Power Plug is also crucial for households to power cell phones and tables that is needed for average Americans.
Stocks that Cramer has aimed is about essentials that is important for everyday individual for various needs.
When asked about Enovix Corporation (NASDAQ: ENVX), he said, “I’m not recommending these battery plays unless they’re making money.”
Enovix powers the most important electronics that includes cell phones, laptops, tablets, EVs, and medical technologies.
Power is the most essential stock that supports keeping the world moving.
The “Mad Money” host recommended holding Live Nation Entertainment, Inc. (NYSE: LYV).
More Americans are now attending concerts in the post COVID-19 era now that concert goers are safer than ever to attend.
Taylor Swift has made headlines in her tour around the country that include the rain moment in Nashville.
Other artists have included Red Hot Chili Peppers, The Killers, Third Eye Blind, Paramore, Metallica, Usher, SZA, Bruno Mars, and many more.
Live Nation has been a major service to the music industry that allowed fans to view their favorite artist in various venues.
“The company is worth a tremendous amount of money, I don’t want you to get rid of it,” he added.
Cramer recommended not selling Vertiv Holdings Co (NYSE: VRT) because “I think there is more to be made.”
Vertiv is an equipment and services company that provides for support for data centers.
The company’s principal offerings include critical infrastructure & solutions, integrated rack solution, and services spares.
Vertiv invests 5% of their sales on research and development.
Current the economy remains in trouble due to the stance on inflation as essential household remain important for investors as consumers continue to cut back on costs and expenses.
Produced in association with Benzinga
