Jim Cramer, the host of CNBC’s Mad Money, fired up his signature lightning round bell once again, delivering rapid-fire takes on a variety of stocks. Here’s a breakdown of his latest stock calls and what they mean for investors looking to navigate today’s volatile market.
Stocks to Buy Now
Louisiana-Pacific Corporation (NYSE: LPX)
Cramer is bullish on Louisiana-Pacific, a leading manufacturer of building materials. He confidently stated, “I think you should buy it here.” The company has benefited from strong housing demand, and with interest rates stabilizing, it could be positioned for more growth.
Enbridge Inc. (NYSE: ENB)
Enbridge, the energy infrastructure giant, received a strong endorsement from Cramer. He assured investors that despite concerns, “Enbridge has got so much business in America, I would not worry… It’s a great idea to buy Enbridge.” With a strong dividend yield and extensive pipeline network, Enbridge remains a solid pick for long-term income investors.
Accenture (NYSE: ACN)
The global consulting and IT services firm is another stock Cramer recommended. “I think you should buy it here,” he remarked. Accenture has been capitalizing on the growing demand for digital transformation and artificial intelligence-driven consulting, making it a strong contender in the tech-driven business world.
Stocks to Be Cautious About
Trade Desk (NASDAQ: TTD)
Cramer expressed concerns about Trade Desk, a leader in digital advertising technology, citing its disappointing stock performance. “I’m kind of blown away about how badly the stock acts… We get them on, maybe we can get some answers. Otherwise, it’s going to keep going down I’m afraid.” Investors should watch for upcoming earnings and industry trends before making a decision.
Stocks to Avoid
Serve Robotics (NASDAQ: SRVR)
The autonomous delivery company, which has gained attention as a speculative play, didn’t impress Cramer. “Serve Robotics, meme stock. No, don’t need it, losing too much money.” Given its high volatility and uncertain path to profitability, investors may want to steer clear.
SoundHound AI (NASDAQ: SOUN)
Another stock that didn’t make the cut was SoundHound AI, a company specializing in voice AI technology. “I think it’s a meme stock,” Cramer bluntly stated, indicating skepticism over its valuation and market potential.
Key Takeaways
Jim Cramer’s latest stock recommendations suggest favoring established companies with strong fundamentals, like Enbridge and Accenture, while steering clear of speculative, high-risk stocks labeled as meme plays. Investors should weigh these insights alongside their own research to make informed trading decisions in today’s dynamic market.
