Cramer Says IBM Stock is a Buy
- Jim Cramer recommends buying IBM stock during rapid-fire lightning round on 'Mad Money'.
- IBM's positive sentiment score raises as Cramer suggests it as a good investment.
- Investors may consider IBM as a buy based on Cramer's advice.
In the latest episode of "Mad Money," host Jim Cramer engaged with viewers during the lightning round segment, providing rapid-fire stock recommendations and insights. The segment, which aired on August 21, 2024, featured Cramer addressing various companies, including PJT Partners and Nano Nuclear Energy, while emphasizing the need for caution in investment decisions. Cramer expressed skepticism about PJT Partners, stating that investing in the firm is akin to a "dice roll." He highlighted the importance of having a solid understanding of a company before making any recommendations, indicating that he requires more certainty before endorsing such stocks on his show. This cautious approach reflects Cramer's commitment to informed investing. Regarding Nano Nuclear Energy, Cramer was equally critical, noting that the company is currently unprofitable. He acknowledged the growing interest in nuclear energy as a potential solution for reducing power costs in data centers but refrained from recommending Nano as a viable investment option. His comments suggest a preference for more established companies in the energy sector. In contrast, Cramer expressed a positive outlook on IBM, stating that the company is performing well. He advised viewers to either hold onto their IBM shares or consider purchasing more, indicating confidence in the tech giant's future prospects. Cramer's insights continue to guide investors as they navigate the complexities of the stock market.