“There's nothing special,” he said. “It's not making all that much money, it doesn't have that big of a dividend."
On the earnings front, Flagstar Financial, on April 24, posted first-quarter adjusted earnings of 4 cents per share, beating market estimates of 3 cents per share. The company's sales came in at $498.00 million, missing expectations of $520.49 million.
When asked about Monarch Casino & Resort, Inc. (NASDAQ: MCRI ), Cramer said he does not know that casino.
Monarch Casino & Resort, on Tuesday, reported better-than-expected first-quarter financial results.
Cramer said Ciena Corporation (NYSE: CIEN ) being 100% up is a “little bit too hot for me, so I'm gonna have to hold off.”
"Now that is one that I can't bless at all," Cramer said when asked about Fermi Inc. (NASDAQ: FRMI ).
As per the recent news, Fermi named Rob L. Masson II as interim chief financial officer.
Price Action
Monarch Casino shares gained 1% to settle at $119.34 on Wednesday. Ciena shares rose 0.4% to close at $475.39. Applied Digital shares gained 1.8% to settle at $32.69 on Wednesday. Flagstar Bank shares declined 1.4% to close at $13.81. MP Materials shares fell 0.7% to settle at $61.30. Fermi shares fell 4.8% to settle at $5.03 on Wednesday.Photo via Shutterstock
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