Jim Cramer declares Navitas Semiconductor is failing financially
- Jim Cramer voiced that Navitas Semiconductor is losing substantial money.
- Eli Lilly and LandBridge Company received more favorable evaluations from Cramer.
- Investor sentiment varies, with some stocks showing gains and others facing challenges.
In the latest edition of CNBC's "Mad Money Lightning Round," which aired on Tuesday, December 4, 2024, Jim Cramer discussed the financial performance of various stocks, highlighting serious concerns about Navitas Semiconductor Corporation (NVTS). Cramer noted that the company is "losing a lot of money," which raised alarms among investors and market analysts. Concurrently, the company reported changes in its board of directors, appointing Dr. Ranbir Singh, the founder and former CEO of GeneSiC Semiconductor, to enhance governance and possibly address the ongoing financial challenges. Concerns about sales performance led Cramer to express disappointment over what he expected would be better results for the company, which is currently under pressure to improve its financial standings. In contrast, Cramer indicated a stronger preference for Eli Lilly (LLY), which has shown potential for better sales performance. On November 15, 2024, Eli Lilly experienced a boost following the FDA's acceptance for review of a crucial resubmission concerning Dupixent, aimed at treating chronic spontaneous urticaria. Regeneron Pharmaceuticals has also been highlighted in discussions about its performance. While it was subject to a neutral rating from Wolfe Research, analysts have noted a positive price target for the company's stock, implying a belief in the company's growth potential. Cramer also commended LandBridge Company LLC (LB) during the program, categorizing it as a "winner" in the current market landscape. Despite a recent earnings report for LandBridge that fell short of analyst expectations — with quarterly sales reported at $28.487 million against a forecast of $33.323 million — Cramer advised investors to hold onto their shares. Following these insights from Cramer, the market responded with varied performances: Navitas Semiconductor's shares increased by 4%, while Regeneron's shares saw a slight decrease, and LandBridge stocks finished the day higher. As discussions about stock performance continue among analysts and investors, the focus remains on how these companies will navigate their respective financial challenges moving forward. Cramer's commentary provides insight into the market sentiment and highlights the competitive dynamics and pressures affecting each company, ultimately contributing to the ongoing discourse surrounding investment strategies.