Jim Cramer Advises on Key Financial Stocks: Buy Banco Santander, Avoid Scotts Miracle-Gro
Jim Cramer: This Financial Stock Is A Buy, Scotts Miracle-Gro Is 'Too Risky'
Benzinga
Image: Benzinga
On CNBC's 'Mad Money,' Jim Cramer advised investors to buy Banco Santander and sell Alexandria Real Estate Equities. He labeled Scotts Miracle-Gro as 'too risky' and suggested waiting on Maxlinear. Cramer also expressed cautious optimism about NextDecade Corporation amidst rising LNG demand.
- 01Jim Cramer recommends buying Banco Santander and selling Alexandria Real Estate Equities.
- 02Scotts Miracle-Gro is considered 'too risky' by Cramer.
- 03Cramer suggests waiting on Maxlinear due to its rapid price increase.
- 04NextDecade Corporation has potential due to LNG demand, but is not a strong buy.
- 05Cramer does not recommend tobacco stocks like Altria.
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During a recent episode of CNBC's 'Mad Money Lightning Round,' Jim Cramer expressed a cautious outlook on several financial stocks. He recommended buying Banco Santander (NYSE: SAN), which saw a 2.9% gain to close at $11.88. In contrast, he labeled Scotts Miracle-Gro Company (NYSE: SMG) as 'too risky,' despite its 1.1% increase to $60.06. Cramer also advised selling Alexandria Real Estate Equities, Inc. (NYSE: ARE), which gained 6.5% to settle at $43.80. He highlighted NextDecade Corporation (NASDAQ: NEXT) as a stock that could rise due to increasing demand for liquefied natural gas (LNG), although he considered it a moderate investment. Additionally, he recommended being cautious with Maxlinear (NYSE: MXL), which has surged 4.6% to $81.68, suggesting investors wait for a price correction. Cramer also reiterated his stance against investing in tobacco stocks, specifically mentioning Altria Group, Inc. (NYSE: MO), which fell 0.8% to close at $72.79.
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