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Jim Cramer: Planet Fitness Is Doing Better Than Expected, Says No To This Industrial Stock

Author: Avi Kapoor | April 15, 2025 07:49am

On CNBC's “Mad Money Lightning Round,” Jim Cramer said no to Ardmore Shipping Corporation (NYSE:ASC). “I don't like the situation because a lot of what is carried is tariffed,” he added.

On Feb. 19, Ardmore Shipping posted better-than-expected earnings and sales results for its fourth quarter.

“It's a big international, and right now, big internationals are really frowned upon,” Cramer said when asked about 3M Company (NYSE:MMM). “If you can own it through the cycle, again, I think it is a good situation.”

On Monday, Citigroup analyst Andrew Kaplowitz maintained 3M with a Neutral rating and lowered the price target from $152 to $142.

Cramer said Planet Fitness, Inc. (NYSE:PLNT) is doing better than expected. “I think you have a winner.”

Guggenheim analyst John Heinbockel supported his view on Tuesday, maintaining Planet Fitness as a Buy and raising the price target from $105 to $110.

When asked about Powell Industries, Inc. (NASDAQ:POWL), he said, “If you're willing to hold on for the next cycle, it's fine. But I've got to tell you, it's considered to be a data center play, and people think that data centers are slowing down, and that's the case with Powell Industries too.”

On the earnings front, Powell Industries reported quarterly earnings of $2.86 per share on Feb. 6, beating the analyst consensus estimate of $2.61 per share. The company also reported quarterly sales of $241.43 million, beating the analyst consensus estimate of $232.62 million.

Price Action:

  • Ardmore Shipping shares fell 0.4% to settle at $8.92 on Monday.
  • Planet Fitness shares gained 0.1% to close at $97.59 during the session.
  • Powell Industries’ shares fell 0.7% to settle at $171.97.
  • 3M shares rose 0.1% to close at $136.01 on Monday.

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Photo: Shutterstock

Posted In: ASC MMM PLNT POWL

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