‘Let’s Just Stick With Morgan Stanley’: Why Jim Cramer Says No To These Bank Stocks

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Belden (NYSE: BDC) over Encore Wire Corp (NASDAQ: WIRE).

When asked about Upstart (NASDAQ:UPST) Holdings Inc (NASDAQ: UPST), Cramer said, “I didn’t want to see any actual interest rate risk on their balance sheet, and right now, they have some.”

Cramer said, although Silk Road Medical Inc (NASDAQ: SILK) could be good, but he is not recommending any stocks that are not making any money.

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When asked about SVB Financial Group (NASDAQ: SIVB), he said, “Let’s just stick with Morgan Stanley (NYSE: NYSE:MS).”

The “Mad Money” host said United Microelectronics Corp (NYSE: UMC) is a “great spec.”

When asked about Bank of America Corp (NYSE: NYSE:BAC), Cramer said, “It’s better to go after Morgan Stanley.”