Skip to main content

Jim Cramer Negative on GM stock, Likes Delta in the Airline Group

Jim Cramer says he's not a fan of auto stocks, because he thinks the younger generation is relying on services like Uber.
  • Author:
  • Publish date:

TheStreet's Jim Cramer says he's not a fan of auto stocks, because he thinks the younger generation is relying on services like Uber rather than rushing out to buy cars. A viewer asked about stock of Toyota  (TM)  and Cramer said those shares will benefit from a rising Japanese yen, but he's still cautious on autos, adding that he's very negative on General Motors  (GM) . Cramer was asked about steel stocks and he responded that U.S. Steel  (X)  is better than AK Steel  (AKS)  but said Nucor  (NUE)  is the play in that group. Cramer also talked about Applied Materials  (AMAT)  saying that the stock has room to run, but his favorite in that group is LAM Research  (LRCX) . Finally, Cramer was asked about JetBlue  (JBLU)  and he said he prefers Delta  (DAL) , adding that Southwest Airlines  (LUV)  also looks intriguing. Cramer manages the Action Alerts PLUS charitable trust portfolio. Viewers can send Cramer questions via his Facebook page or on Twitter, use hashtag CramerQ.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.