On CNBC's “Mad Money Lightning Round,” Jim Cramer said Powell Industries, Inc. (NASDAQ:POWL) is a buy.
On Aug. 20, Powell Industries announced a $12.4 million investment to expand production capacity.
Robinhood (NASDAQ:HOOD) “had an extraordinary move,” Cramer said. “So, I say let it calm down, but don't forget it's an up stock.”
As per the recent news, Robinhood, on Aug. 13, said total platform assets climbed 7% from June to $298 billion in July, up 106% on a year-over-year basis. The company reported $6.4 billion of net deposits in July, bringing total net deposits up to $60.1 billion over the past 12 months.
Apollo Global Management, Inc. (NYSE:APO) is a “cheap” stock and the company is a “very smart” company, Cramer said.
Apollo, on Aug. 13, announced that Apollo-managed funds agreed to acquire a majority stake in Kelvion from funds advised by Triton.
Cramer said Ouster, Inc. (NASDAQ:OUST) is a “very expensive stock. It's fine as a spec.”
On Aug. 13, WestPark Capital analyst Casey Ryan upgraded the stock from Hold to Buy and announced a price target of $50.
Price Action:
- Robinhood shares fell 1.3% to settle at $107.94 on Monday.
- Powell Industries shares fell 1.8% to settle at $258.36.
- Apollo Global Management shares fell 0.2% to close at $133.89.
- Ouster shares fell 2.2% to close at $29.99 on Monday.
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