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Wednesday, May 22, 2024

Cramer’s lightning round: Cisco is a buy, not a sell

  • It's that time again! "Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.

Halliburton: "I want you to take out about a third of your capital that I bet is a big, big chunk of what you invested, and then you let the rest run because you are owed that. That's how great it is that you came in at the bottom and bought out. I salute you, although, obviously, I like diversification, and you're not a paradigm of that. Great investing, please take something off the table."

Energy Transfer: "I'm not as big a fan of ET because their balance sheet is not good. The whole group is rising. I like KMI (Kinder Morgan) more, but the group is rising and because they're not going to be able to build any more pipelines. This is the weakest in the group, though. I've just got to warn you. It has the worst balance sheet in the group."

Churchill Capital IV: "Yes, it's one of the good ones … I think you're OK there. I think it's a good situation. I know it's speculative, but I think it's good."

Cisco: "No, don't sell Cisco — 3% yield, good balance sheet, doing a lot of good stuff with WebEx. I think that it's taking a little time for [CEO Chuck Robbins] to turn the thing around because it's a big ship, but no. I wouldn't sell Cisco. I'd be more inclined to buy it than sell it."

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