Jim Cramer: 'Go For' AST SpaceMobile, Power Plant Maker 'Too Speculative'

On CNBC’s “ Mad Money Lightning Round,” Jim Cramer said he likes Medline Inc. (NASDAQ: MDLN ), adding that it is “probably the best IPO of the year.” Medline announced that it will report second-quarter financial results on Wednesday, Aug.

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Analysts expect the company to report quarterly earnings at 32 cents per share on revenue of $7.52 billion.

AST SpaceMobile, Inc. (NASDAQ: ASTS ) is a “great speculative” stock, Cramer said. “I think you can make money in two years.

I would go for it.” The company announced on June 23 that its next three BlueBird satellites are scheduled to launch in the first half of August, expanding its space-based cellular broadband network.

AST SpaceMobile announced Tuesday that BlueBird satellites 11, 12, and 13 are targeted to launch aboard a Falcon 9 rocket from Cape Canaveral, Florida, in the first half of August.

Cramer said NuScale Power Corporation (NYSE: SMR ) is “too speculative” for him, adding that he likes GE Vernova Inc. (NYSE: GEV ) as it is safer.

NuScale Power announced it will host a conference call to review second-quarter results on Wednesday, Aug.

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Analysts expect the company to report a quarterly loss of 13 cents per share on revenue of $14.71 million.

Price Action Nuscale Power shares gained 1.2% to settle at $10.15 on Wednesday.

Medline shares gained 5.8% to close at $41.73.

AST SpaceMobile shares fell 3.1% to settle at $86.10.

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