Jim Cramer Calls This Stock A 'Meme Stock,' Recommends Buying Accenture
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Serve Robotics Inc. (NASDAQ:SERV) is a “meme” stock and that he doesn't need it because it’s losing too much money.
The company reported weaker-than-expected fourth-quarter results. Adjusted EPS loss of 23 cents missed the consensus estimate for a loss of 18 cents.
“I'm kind of blown away about how badly the stock acts,” Cramer said when asked about The Trade Desk, Inc. (NASDAQ:TTD). “We get them on, maybe we can get some answers. Otherwise it's going to keep going down I'm afraid. “
As per the recent news, Trade Desk announced the appointment of Vivek Kundra as CEO, effective March 31.
Jim Cramer recommended buying Louisiana-Pacific Corporation (NYSE:LPX) here.
On Feb. 19, Louisiana-Pacific reported fourth-quarter net sales growth of 3.5% year-over-year to $681 million, beating the consensus of $666.753 million.
Cramer said Enbridge Inc. (NYSE:ENB) has “got so much business in America” and added that it's a great idea to buy the stock.
In the recent news, Enbridge named Steven W. Williams as chair of the board, effective May 7.
SoundHound AI, Inc. (NASDAQ:SOUN) is a “meme” stock, Cramer said.
The company announced it will participate in the 2025 Nvidia GPU Technology Conference.
The Mad Money host recommended buying Accenture plc (NYSE:ACN).
Accenture on Thursday announced a strategic investment in OPAQUE, a firm providing a secure AI platform designed to allow organizations to run large-scale, general-purpose AI workloads with encrypted data.
Price Action:
- Serve Robotics shares jumped 9.1% to settle at $7.66 on Friday.
- Trade Desk shares rose 0.1% to close at $53.94 during the session.
- Louisiana-Pacific shares gained 2.4% to settle at $91.55.
- Enbridge shares rose 0.7% to close at $42.83.
- SoundHound AI shares jumped 16.1% to close at $10.34 on Friday.
- Accenture shares gained 0.6% to settle at $318.82.
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Posted-In: CNBC mad money Lightning RoundNews Markets Media Trading Ideas
