© Reuters. Jim Cramer Likes CEOs Of AI Companies But Wouldn’t Recommend Stocks Rise 263% In 2023: ‘At This Time It’s A Short-Term Squeeze’
Benzinga – on CNBC’s “Mad Money Lightning Round” Jim Cramer Said Clean Harbors Co., Ltd. (NYSE: CLH) “still not high here.”
when asked about International Paper Company (NYSE: IP), he said, “What a tough business. My father made a living selling kraft paper. I have to tell you, I don’t own intellectual property. I see and feel the pain of those who have, because they are doing a great job, but I have decided that I cannot recommend the brand.”
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The host of “Mad Money” said: Duke Energy Corporation (NYSE:DUK) is “very strong.” He added, “I was afraid you would say this.” Dominion Energy Co., Ltd. (NYSE:D), and I’m very concerned about that. “
when asked about Paramount Global (NASDAQ: PARA), Kramer said, “The only way to save this is to get hijacked.”
“I know the reputation, and the reputation is really great,” Kramer said. Ares Capital Co., Ltd. (Nasdaq: ARCC). “I know the yields are great, but I don’t know if they have enough assets to say ‘buy, buy, buy’.”
when asked about C3.ai Co., Ltd. (NYSE: AI), he said, “I love Tom Siebel, but I regretted not putting this on the top of yesterday’s show because the song was so short. It’s a short squeeze at the moment, it’s not profitable at all, and I wouldn’t recommend any company that isn’t making money on Mad Money.”
Price action: C3.ai shares fell 3% to close at $40.22 on Wednesday, while Ares Capital rose 0.8% to $19.27. During Wednesday’s session, Paramount Global shares fell 1.7% to settle at $16.54, while Duke Energy rose 1.6% to $92.36. International Papers rose 0.4% on Wednesday while Clean Harbors fell 1.2%.
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