Jim Cramer Isn't Recommending SLB, And BlackBerry? 'Nothing There'
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he is not going to recommend Schlumberger Limited (NYSE:SLB) here, even though he likes the company as it has “got too much business that is not acting well right now.“
On April 19, Schlumberger reported upbeat sales for its first quarter.
When asked about BWX Technologies, Inc. (NYSE:BWXT), he said, “Interesting, but I'm going to have to give you GE Vernova (NYSE:GEV). I need to have some stability, yours does not have the stability that I like.”
On May 6, BWX Technologies posted better-than-expected first-quarter earnings. The company posted adjusted earnings of 76 cents per share, beating market estimates of 69 cents per share. The company's quarterly sales came in at $603.933 million topping expectations of $599.914 million.
The “Mad Money” host said AST SpaceMobile, Inc. (NASDAQ:ASTS) has had “too big a move.”
On May 29, AST SpaceMobile announced a partnership with Verizon Communications Inc (NYSE:VZ) to provide Verizon customers with direct-to-cellular AST SpaceMobile service when needed.
When asked about BlackBerry Limited (NYSE:BB), Cramer said, “No, nothing there.”
On April 9, BlackBerry announced a collaboration with Advanced Micro Devices, Inc. (NASDAQ:AMD), designed to revolutionize next-generation robotic systems by enabling new levels of low latency and jitter, as well as repeatable determinism.
Price Action:
- SLB shares rose 2% to settle at $44.55 on Friday.
- BlackBerry shares fell 4.6% to close at $2.68 on Friday.
- AST SpaceMobile fell 7.5% to close at $8.62 during Friday's session.
- BWX Technologies shares fell 0.3% to close at $89.45.
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Image: Vanva
