Jim Cramer Doesn’t Like This Health Care Stock, Sees No Reason To Buy Rambus

On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he sees no reason to buy Rambus Inc. (NASDAQ:RMBS). “It’s never really intrigued me,” he added. “There’s no real catalyst. It just kind of sits there.” On the earnings front, Rambus announced it will hold a conference call on Monday, Oct. 26, to discuss its third-quarter results. Cramer said Medtronic plc (NYSE:MDT) got rid of MiniMed Group, Inc. (NASDAQ:MMED), and he doesn’t want anything to do with it. The Mad Money host added that he likes Medtronic but not MiniMed. Barclays analyst Christopher Pasquale, on Wednesday, initiated coverage on Minimed Group with an Equal-Weight rating and announced a price target of $22. When asked about Babcock & Wilcox Enterprises, Inc. (NYSE:BW), he said, “You didn’t catch the bubble. It’s all the way down. It’s a pretty good spec at five bucks. Don’t put too much money into it, but I think it’s a nice speculation.” Babcock & Wilcox, on Sept. 10, announced it received a limited notice to proceed on an approximately $130 million air-quality-control project for a U.S. coal-fired power plant. GigaCloud Technology Inc. (NASDAQ:GCT) is one of the “most speculative stocks on earth,” Cramer said. On Aug. 6, GigaCloud reported better-than-expected second-quarter financial results. Cramer said he doesn’t know about Accelevation Holdings Corp. (NASDAQ:ACCV). On Sept. 29, Accelevation priced its initial public offering of 30 million Class A shares at $18.00 per share. “Archer-Daniels (NYSE:ADM) has kind of done nothing for a very long time until now, and I actually think it’s a terrific idea for you,” Cramer said. Cramer also likes Deere (NYSE:DE) and “the ag business” — “not just because it’s midterm elections.” “Archer-Daniels’ time has come,” Cramer added. ADM said it will release third-quarter financial results on Nov. 3. Analysts expect the company to report quarterly earnings at $1.57 per share on revenue of $22.98 billion. Price Action MiniMed shares fell 2.7% to settle at $19.11 on Wednesday. Rambus shares fell 2.3% to close at $111.48. GigaCloud rose 2.2% to settle at $55.96 on Wednesday. Accelevation shares dipped 7.4% to close at $15.19. Babcock & Wilcox shares fell 4.6% to $5.64 on Wednesday. Archer-Daniels-Midland shares fell 1.1% to settle at $81.34. See More: Top Value Stocks Photo via Shutterstock