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Jim Cramer Backs Mettler-Toledo But Says These Tech Stocks Are Bleeding Too Much Cash

MarketDash Editorial Team
14 days ago
During his Mad Money Lightning Round, Jim Cramer recommended Mettler-Toledo International while dismissing two tech names for their continued losses and lack of profitability.

Jim Cramer picked his favorites and named his passes during CNBC's Mad Money Lightning Round, and the dividing line was pretty clear: show me the money, or show me the door.

His top pick? Mettler-Toledo International Inc. (MTD). "You've got a good one there," Cramer told a viewer. The endorsement makes sense when you look at the numbers. The precision instruments company reported earnings on Nov. 6 that crushed expectations, posting $11.15 per share versus the $10.64 consensus estimate. Revenue also came in strong at $1.030 billion, topping forecasts of $996.647 million.

Not everything got the Cramer seal of approval, though. Opendoor Technologies Inc. (OPEN) drew skepticism. The stock is "high given the fact that the company makes no money," Cramer said. "I'm not a believer until it makes money." Even with Citigroup analyst Ygal Arounian doubling his price target from $0.7 to $1.4 on Nov. 12—while maintaining a Sell rating, mind you—profitability remains elusive for the digital real estate platform.

POET Technologies Inc. (POET) faced similar criticism. Cramer said he can't recommend the stock because it's "losing too much money." The semiconductor company's Nov. 13 earnings report backed up his concerns: losses of 11 cents per share missed estimates by 2 cents, while revenue of just $298,434 fell short of the expected $400,000.

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Back to News

Jim Cramer Backs Mettler-Toledo But Says These Tech Stocks Are Bleeding Too Much Cash

MarketDash Editorial Team
14 days ago
During his Mad Money Lightning Round, Jim Cramer recommended Mettler-Toledo International while dismissing two tech names for their continued losses and lack of profitability.

Jim Cramer picked his favorites and named his passes during CNBC's Mad Money Lightning Round, and the dividing line was pretty clear: show me the money, or show me the door.

His top pick? Mettler-Toledo International Inc. (MTD). "You've got a good one there," Cramer told a viewer. The endorsement makes sense when you look at the numbers. The precision instruments company reported earnings on Nov. 6 that crushed expectations, posting $11.15 per share versus the $10.64 consensus estimate. Revenue also came in strong at $1.030 billion, topping forecasts of $996.647 million.

Not everything got the Cramer seal of approval, though. Opendoor Technologies Inc. (OPEN) drew skepticism. The stock is "high given the fact that the company makes no money," Cramer said. "I'm not a believer until it makes money." Even with Citigroup analyst Ygal Arounian doubling his price target from $0.7 to $1.4 on Nov. 12—while maintaining a Sell rating, mind you—profitability remains elusive for the digital real estate platform.

POET Technologies Inc. (POET) faced similar criticism. Cramer said he can't recommend the stock because it's "losing too much money." The semiconductor company's Nov. 13 earnings report backed up his concerns: losses of 11 cents per share missed estimates by 2 cents, while revenue of just $298,434 fell short of the expected $400,000.

Price Action