Oct 22, 2024, 8:35 AM
Oct 22, 2024, 8:35 AM

Cramer Warns AST SpaceMobile Overvaluation Amid HubSpot Concerns

Provocative
Highlights
  • Cramer recommended Cheniere Energy (LNG) and noted that GE Vernova (GEV) might face a selloff despite expected good news.
  • He warned against investing in HubSpot (HUBS) and revealed NuScale Power (SMR) is financially struggling.
  • Cramer ultimately deemed AST SpaceMobile (ASTS) overvalued and unprofitable, advising caution to potential investors.
Story

In the United States, during a recent episode of CNBC's 'Mad Money Lightning Round,' Jim Cramer discussed various stocks, providing insights based on their market performance and financial health. He recommended Cheniere Energy (LNG) as a buy, citing their impending earnings release scheduled for October 31. In contrast, he expressed caution towards HubSpot (HUBS), describing it as 'playing with fire,' indicating a risky position. Additionally, Cramer stated that NuScale Power (SMR) is currently suffering significant losses, advising investors to consider GE Vernova (GEV) instead. He labeled AST SpaceMobile (ASTS) as 'overvalued' and noted its lack of profitability, advising against investment in the company. Cramer’s analysis reflects current market sentiments and potential volatility leading up to quarter-end earnings reports.

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