Jim Cramer Weighed In on These 9 Stocks

3. Joby Aviation, Inc. (NYSE:JOBY)

Number of Hedge Fund Holders: 31

Joby Aviation, Inc. (NYSE:JOBY) is one of the stocks Jim Cramer weighed in on. Cramer highlighted how his view on the company shifted after noticing well-known names exploring similar technology. He said:

“After Palantir, I got hit with a host of spec stocks and blessed them all. There was Joby, the flying car company. It was in the sevens. I dismissed it earlier, but I discovered that Boeing’s been working on a flying car too. So, who was I to dismiss the idea? The stock almost tripled soon after that.”

Joby Aviation, Inc. (NYSE:JOBY) is developing electric vertical takeoff and landing aircraft to provide air transportation services, aiming to launch an app-based ridesharing platform for booking aerial trips. When a caller inquired about the stock in an August episode, Cramer responded:

“Okay, I know Joby. I recommended it [at] 7. Now, remember Joby did buy a part of Blade that I think is an expensive part, which is consumer. I do believe that what they should do is raise money. If I were them, I would do a gigantic equity offering. And if you did that, then I would say that… that’s what you have to do. You have to strike when the iron’s hot. Let them, they offer some stock, or let it come in. But I’m with you… I see where it’s going. Let’s go buy it.”