Jim Cramer Predicts A 'Terrific Year' For This Manufacturer, And As For U-Haul? 'I'm Fine With It'

Zinger Key Points
  • Jim Cramer wants to stay away from Bitcoin after ETF launch's "nasty beginning."
  • General Electric's CEO Larry Culp is just 'making money left and right,' Cramer says.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes U-Haul Holding Company UHAL. "I’m fine with it," he says.

"When rates go up, people sell gold, and that means you should buy gold. Because we buy gold for insurance," Cramer said when asked about Barrick Gold Corporation GOLD

Cramer recommended buying Micron Technology, Inc. MU.

When asked about Westinghouse Air Brake Technologies Corporation WAB, he said, "I don’t want to come in now that the stock’s selling at 27 times earnings."

Don’t forget to check out our premarket coverage here

Cramer said he doesn’t want to go into Marathon Digital Holdings, Inc. MARA and wants to stay away from Bitcoin BTC/USD.

See Also: Jim Cramer Weighs In On BTC's Decline After ETF Launch - 'Nasty Beginning To The Bitcoin Selloff... And Then Almost No One Shows Up'

When asked about General Electric Company GE, Cramer praised CEO Larry Culp for "just making money left and right."

The "Mad Money" host called Genie Energy Ltd. GNE "kind of a generic one in an industry where we got to have something better than generic."

Cramer said Caterpillar Inc. CAT is "going to have terrific year, and don’t be dissuaded about China or oil price, whatever."

Price Action

  • Shares of Caterpillar gained 1.2% to close at $281.90.
  • Genie Energy shares rose 0.5% to $20.14 on Thursday.
  • GE gained 1.3% to settle at $128.55.
  • Marathon Digital shares fell 6.9% to close at $16.07 during Thursday’s session.
  • Westinghouse Air Brake Technologies shares rose 0.7% to settle at $126.74.
  • Micron gained 1.9% to $84.82 on Thursday.
  • Barrick Gold slipped 0.2%.
  • U-Haul rose 0.5% to close at $65.59 on Thursday.

Now Read This: Top 4 Energy Stocks You May Want To Dump In January

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasNewsSmall CapTop StoriesMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!