Jim Cramer Luminar

1. Dec 03, 2020 Cramer explained that Luminar was founded in 2012 by a 17-year-old and the company now has partners like Volvo and an order book totaling $1.3 billion. LiDAR sensors are an integral part of every.
2. Dec 07, 2020 On Wednesday, Cramer highlighted Luminar LAZR 6.22%, a Lidar company that completed its SPAC deal. He called the stock out in his 'Know Your IPO' segment and said it was cheap at current levels.

Forbes Luminar Partners With Zenseact To Create Full-Stack Automated Driving System March 2021 The Verge Building the Future of Self-Driving Cars March 2021 Motoring SAIC R Auto ES33 concept previews new Chinese EV brand April 2021 The Verge Volvo bucks the industry, will sell LIDAR-equipped self-driving cars to customers by 2022 May 2020 Wired. 1 day ago It's that time again! 'Mad Money' host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed. Calix: 'I like Calix. Jim Cramer recommended Thursday that investors trim their exposure to auto-related special purpose acquisition company stocks, CNBC reported. What Happened: The host of the CNBC 'Mad Money' show termed the stocks of QuantumScape Corporation (NYSE:QS), Luminar Technologies Inc (NASDAQ:LAZR), and SPACs of Arrival and Canoo as speculative. 'These stocks have gotten out of control, so I'm.

The Dow jumped 60 points and Jim Cramer is letting investors in on the latest bull markets he's found. Then, Tommy Hilfiger and Calvin Klein's parent company PVH reported their latest quarter after the bell and CEO Manny Chirico is checking in fresh off earnings to dive deeper into the numbers and what the company is expecting from upcoming holiday sales. Next, Cramer's continuing his break down of the new EV stocks coming public - today he's looking at Luminar as it prepares to come public by merging with special purpose acquisition company Gores Metropoulus. Plus, Cramer's exclusive with XPO Logistics CEO Brad Jacobs.

Cramer On Ev

Jim Cramer recommended Thursday that investors trim their exposure to auto-related special purpose acquisition company stocks, CNBC reported.

What Happened: The host of the CNBC 'Mad Money' show termed the stocks of QuantumScape Corporation (NYSE: QS), Luminar Technologies Inc (NASDAQ: LAZR), and SPACs of Arrival and Canoo as speculative.

'These stocks have gotten out of control, so I'm begging you to take something off the table,' urged the former hedge fund manager.

Cramer asked investors to be responsible speculators. 'Speculative stocks can get overheated, which is why it's important to take profits while you have them,' he advised.

Why It Matters: The former hedge fund manager has endorsed the four electric vehicle startups which are taking the SPAC route since October, noted CNBC.

He recommended the Bill Gates and Volkswagen AG (OTC: VWAGY)-backed QuantumScape in late October, which merged with Kensington Capital to go public.

A week ago he recommended Luminar and said the stock was a Buy at $15. The autonomous vehicle sensor company went public through a SPAC earlier this month.

Cramer On Ev

Jim Cramer recommended Thursday that investors trim their exposure to auto-related special purpose acquisition company stocks, CNBC reported.

What Happened: The host of the CNBC 'Mad Money' show termed the stocks of QuantumScape Corporation (NYSE: QS), Luminar Technologies Inc (NASDAQ: LAZR), and SPACs of Arrival and Canoo as speculative.

'These stocks have gotten out of control, so I'm begging you to take something off the table,' urged the former hedge fund manager.

Cramer asked investors to be responsible speculators. 'Speculative stocks can get overheated, which is why it's important to take profits while you have them,' he advised.

Why It Matters: The former hedge fund manager has endorsed the four electric vehicle startups which are taking the SPAC route since October, noted CNBC.

He recommended the Bill Gates and Volkswagen AG (OTC: VWAGY)-backed QuantumScape in late October, which merged with Kensington Capital to go public.

A week ago he recommended Luminar and said the stock was a Buy at $15. The autonomous vehicle sensor company went public through a SPAC earlier this month.

United Parcel Service, Inc (NYSE: UPS)-backed Arrival, a U.K.-based EV maker specializing in microfactories, plans to go public through a merger with CIIG Merger Corp (NASDAQ: CIIC). Cramer had recommended the SPAC stock last week at $17.50.

Cramer also recommended Canoo Holdings Ltd, a California-based EV startup, set to merge with Hennessy Capital Acquisition Corp IV (NASDAQ: HCAC). The stock was termed a Buy by Cramer last Friday at $15.64.

Jim Cramer Luminar Stock

'You can always get back in at lower levels, and I'm very confident that lower prices could be in the cards,' Cramer recommends to investors.

Price Action: On Thursday, QuantumScape shares closed 1.96% higher at $76.61. Luminar Technologies shares closed 7.45% lower at $34.17 extending the fall in the after-hours session by almost 7% to $31.78.

CIIG Merger shares fell 1.63% to $31.38 in the regular session. On the same day, Hennessy Capital shares closed 10% higher at $22 and fell 6.82% to $20.50 in the after-hours session.

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Lisa Cadette Detwiler

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