On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Lam Research Corporation (NASDAQ:LRCX). "I like it very much here," he added.
On Oct. 23, Lam Research reported quarterly earnings of 86 cents per share, which beat the analyst consensus estimate of 80 cents. Quarterly revenue came in at $4.17 billion, which beat the analyst consensus estimate of $4.051 billion and is an increase over sales of $3.482 billion from the same period last year.
When asked about Suncor Energy Inc. (NYSE:SU), he said, "No shots are being given in this industry, I can't do that."
Suncor Energy will release its third-quarter financial results on Nov. 12.
Oklo Inc. (NYSE:OKLO) is a "short squeeze," Cramer said. "I'm getting tired of the short squeezes."
The company recently announced that the U.S. Department of Energy approved a design report for its Aurora fuel fabrication facility.
"I think you're ok for now," Cramer said when asked about Joby Aviation, Inc. (NYSE:JOBY).
On Oct. 25, Joby Aviation priced its $202 million public offering of 40 million common shares at $5.05 per share.
The "Mad Money" host said he would "avoid" QuantumScape Corporation (NYSE:QS).
On Oct. 23, QuantumScape reported a quarterly loss of 23 cents per share which met the analyst consensus estimate.
NetApp, Inc. (NASDAQ:NTAP) is a "good" company, Cramer said. "I'm all in."
On Oct. 1, NetApp reported the expansion of its strategic partnership with Google Cloud.
Price Action:
- Lam Research shares fell 2.9% to settle at $75.45 on Monday.
- Suncor Energy shares declined 1.3% to close at $38.47.
- Oklo shares rose 28.9% to settle at $24.50 during the session.
- Joby Aviation shares gained 2.1% to settle at $5.27 on Monday.
- QuantumScape shares fell 8.1% to close at $5.69 during the session.
- NetApp shares gained 0.8% to settle at $120.41 on Monday.
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