Key insights
- Cramer gave a positive recommendation to MP Materials due to government backing and solid management. He was negative on Applied Digital and Fermi, and neutral on Flagstar Bank. He expressed interest in Monarch Casino & Resort. Ciena was deemed overbought. Overall, the impact on the broad US market is minimal, but may influence short-term sentiment in the mentioned stocks.
In this article
Monarch Casino & Resort: "I do not know that casino...I think I should check out Monarch. I am going to...figure out why this stock has had just such an amazing run."
Ciena: "I think up 100% is a little bit too hot for me, so I'm gonna have to hold off."
Applied Digital: "The problem there is you've got a stock that is making no money in a market where many people are making money and people are switching from the losers to the winners. I'm going to say no to Applied Digital."
Flagstar Bank: "I'm going to give you a hold...There's nothing special. It's not making all that much money, it doesn't have that big of a dividend. No reason to buy it."
MP Materials: "It's the only one in that whole area I really bless because they've got the government's backing, and they have really good, solid management and they're doing a huge number of good things. So I say yes to that one."
Fermi: "Now that is one that I can't bless at all...I don't want you in that stock."
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