Jim Cramer Calls Cummins 'Terrific,' Recommends Selling This Chinese Auto Manufacturer

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes New Fortress Energy Inc. (NYSE: NFE), but "right now Wes Edens [co-founder of Fortress Investment Group and founder of New Fortress Energy] is kind of just hurt by the president.”

On March 5, New Fortress Energy reported upsizing and pricing of $750 million of senior secured notes.

Cramer said he likes Cummins Inc. (NYSE: CMI) and recommended buying the stock. "I think it’s terrific," he added.

On March 14, Truist Securities analyst Jamie Cook initiated coverage on the shares of Cummins with a Hold rating and a price target of $303.

When asked about Palantir Technologies Inc. (NYSE: PLTR), Cramer said, "Make a move and buy some."

The company, last week, inked a pact with Oracle to provide secure cloud and AI solutions to power businesses and governments worldwide.

The "Mad Money" host recommended buying The PNC Financial Services Group, Inc. (NYSE: PNC). "You got horse sense," he added.

On April 8, Jefferies analyst Ken Usdin maintained PNC Finl with a Hold and raised the price target from $164 to $171.

"I really want" you in Abbott Laboratories (NYSE: ABT), Cramer said.

The FDA, last week, approved Abbott Laboratories’ first-of-its-kind TriClip transcatheter edge-to-edge repair (TEER) system that’s specifically designed to treat tricuspid regurgitation (TR), or a leaky tricuspid valve.

Cramer recommended selling NIO Inc. (NYSE: NIO).

On April 9, NIO filed its 2023 annual report on Form 20-F.

Price Action:

• New Fortress Energy shares fell 1.3% to settle at $28.96 on Thursday.
• Palantir shares gained 1.9% to close at $22.84.
• PNC shares fell 0.6% to settle at $154.08.
• Cummins shares gained 0.2% to close at $302.86.
• Abbott Labs shares gained 0.3% to close at $111.45 during Thursday’s session.
• Shares of NIO fell 2.8% to close at $4.46 on Thursday.

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