Oklo Is 'Too Risky,' Jim Cramer Says: Buy This General Electric Spinoff Instead
On CNBC's “Mad Money Lightning Round,” Jim Cramer said ServiceNow, Inc. (NYSE:NOW) is a buy right here. “I would buy more,” he added.
On May 8, ServiceNow announced an expansion of the strategic relationship with Equinix to streamline operations of digital infrastructure.
Oklo Inc. (NYSE:OKLO) is “too risky,” Cramer said, “I'm still going to send you to GE Vernova (NYSE:GEV).”
On May 13, Oklo disclosed a strategic partnership with Atomic Alchemy Inc. to produce isotopes.
“If you want the speculative play on cannabis, that is the one you want,” Cramer said when asked about Canopy Growth Corporation (NASDAQ:CGC).
On May 7, Canopy Growth filed for offering of up to 1.1 million shares by selling securityholders.
The “Mad Money” host isn’t sure what is in Safehold Inc. (NYSE:SAFE), and that bothers him.
On May 6, Safehold posted stronger-than-expected earnings for its first quarter.
When asked about Matterport, Inc. (NASDAQ:MTTR), he said, “It's done… Let's leave it behind.”
On May 6, Matterport posted a narrower-than-expected loss for its first quarter. The company recorded a quarterly loss of 1 cent per share, compared to market expectations for a loss of 3 cents per share.
Price Action:
- Matterport shares rose 0.7% to settle at $4.48 on Wednesday.
- Safehold shares rose 2.1% to close at $20.78.
- ServiceNow shares rose 5.4% to settle at $760.57 on Wednesday.
- Oklo shares fell 8.1% to settle at $10.27.
- Canopy Growth shares rose 2.2% to close at $9.91 on Wednesday.
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Image: Courtesy of Oklo, Inc.
