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Jim Cramer Advises You Avoid This Company: 'I Know It Looks Cheap, But We're Not Going There'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like Upstart Holdings Inc (NASDAQ: UPST) and recommended selling the stock.

Benzinga · 07/28/2022 08:48

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he doesn’t like Upstart Holdings Inc (NASDAQ:UPST) and recommended selling the stock.

When asked about BHP Group Ltd (NYSE:BHP), Cramer said he doesn’t recommend buying a mineral and mining company "going into a recession that’s mandated by the Fed." He added, "I know it looks cheap, but we’re not going there."

The "Mad Money" host said no to Carnival Corp (NYSE:CCL)

When asked about Prudential Financial Inc (NYSE:PRU), Cramer said Chubb (NYSE:CB) is the best insurer, but it also keeps moving lower. "So as far as I’m concerned, we’ve got to stay away from the insurers," he added.

Also Read: Jim Cramer Says Ford Stock Could Jump To $15 On Earnings If Tesla Is Mentioned: Here's Why 

Cramer recommended selling Vertical Aerospace Ltd (NASDAQ:EVTL) as it is losing money.

He recommended buying Iron Mountain Inc (NYSE:IRM).

Cramer said, "I tend to be against these companies," when asked about Arbor Realty Trust Inc (NYSE:ABR). "Real estate finance is just a dicey business," he added.

Photo: Courtesy of Owen Byrne on Flickr