Jim Cramer’s 29 Stock Calls and Space Players Worth Watching Like SpaceX and Rocket Lab

8. The Progressive Corporation (NYSE:PGR)

The Progressive Corporation (NYSE:PGR) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. When a caller mentioned that it might be the time to start a position in the stock, Cramer said:

You know, I gotta tell you, that group is under a lot of pressure…The group’s under a lot of pressure. I saw a downgrade today, Travelers to Sell. Travelers is a pristine company. I saw Chubb some cut numbers today. I don’t want you to touch it. When you see number cuts in an entire industry, it doesn’t matter how good this one company might be, and they’re a good company.

The Progressive Corporation (NYSE:PGR) provides insurance for personal vehicles, residential properties, and commercial transportation fleets, as well as specialized business liability coverage and investment services. During the March 12 episode, a caller asked if the stock was a buy, sell, or hold, and Cramer replied:

I’m not a big believer in the… this insurance companies, particularly in that particular way. Hey, listen, if you want to own an insurance company, go own Berkshire Hathaway. They’ve got GEICO. It’s a much better diversified way to be involved in insurance. And Chubb is a better company, too, if you want to put that out there.