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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Ondas Inc (NASDAQ:ONDS) is losing a lot of money and added that he would rather have to find something new and different that is distinct, while he doesn’t see anything distinct about Ondas.
As per recent news, Ondas completed its merger with U.S. defense prime contractor Mistral on April 24 in a $175 million deal, adding programs exceeding $1 billion and expanding direct prime participation across U.S. Department of War programs.
When asked about Beam Therapeutics Inc (NASDAQ:BEAM), he said, “We don’t want to buy any stocks that are heavily shorted because they are all by nature heavily shorted because they don’t have any earnings.”
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