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Benzinga
Benzinga
Business
Craig Jones

Why Jim Cramer Loves Berkshire Hathaway, Skeptical On Rivian

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he is not a fan of Gilead Sciences, Inc. (NASDAQ:GILD).

"They have what I call big hat, no cattle, and I like ones that have cattle," he added.

Cramer said, according to him, Rivian Automotive, Inc. (NASDAQ:RIVN) is not going to be the next Tesla, Inc. (NASDAQ:TSLA).

"I think that it’s going to be a very unsexy truck maker," he commented.

General Motors Company’s (NYSE:GM) CEO Mary Barra is doing a good job. “Let’s give it a shot,” he added.

When asked about AT&T Inc. (NYSE:T), he said, "Small hat, no cattle…I’d rather see you in Verizon Communications Inc. (NYSE:VZ)."

The "Mad Money" host said Berkshire Hathaway Inc. (NYSE: BRK-B) is doing “better quality work now than they ever have.” He believes the stock is a “superior, terrific buy.”

Cramer said he is not recommending airline stocks right now, when asked about United Airlines Holdings, Inc. (NASDAQ:UAL), adding it's just "too tough, too competitive."

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