Jim Cramer Put These 12 Stocks Under the Spotlight

10. Archer Aviation Inc. (NYSE:ACHR)

Number of Hedge Fund Holders: 34

A caller inquired about Archer Aviation Inc. (NYSE:ACHR) during the lightning round, Jim Cramer said:

“Oh, that one’s a bridge too far for me to tell you the truth. Electric vertical takeoff, I mean, I’m willing to go with Rocket Lab, but Archer’s just a little bit too far. I mean, someone who’s like 18, 19, 20, 21, you might want to believe in it. I don’t want to have too many of these kinds of stocks on my so-called recommended list.”

Archer Aviation (NYSE:ACHR) develops advanced aircraft, including electric vertical takeoff and landing models, and offers ride services, commercial aircraft, and support solutions like maintenance and repair. In an episode aired in March, here is what Cramer had to say about the company:

“Well, keep looking but do not press the button because in this kind of market, that company is an invitation to your funeral.”