Cramer backs Medline, AST SpaceMobile; NuScale too speculative

1 min read Updated on 02 Jul 2026, 06:22 PM

Reviewed by

Radhika SScanX News Team

AI Summary

Jim Cramer endorsed Medline Inc. as the best IPO of the year and called AST SpaceMobile, Inc. a speculative buy ahead of satellite launches. He labeled NuScale Power Corporation too speculative, preferring GE Vernova Inc.

*this image is generated using AI for illustrative purposes only.

On CNBC’s Mad Money Lightning Round, Jim Cramer endorsed Medline Inc. (NASDAQ: MDLN), calling it probably the best IPO of the year. Medline is scheduled to report second-quarter financial results on Wednesday, Aug. 5, with analysts expecting earnings of 32 cents per share on revenue of $7.52 billion. The stock gained 5.8% to close at $41.73.

Cramer also expressed support for AST SpaceMobile, Inc. (NASDAQ: ASTS), describing it as a great speculative stock with potential returns in two years. The company announced that its next three BlueBird satellites are targeted to launch aboard a Falcon 9 rocket from Cape Canaveral, Florida, in the first half of August to expand its space-based cellular broadband network. AST SpaceMobile shares fell 3.1% to settle at $86.10.

Regarding the power sector, Cramer stated that NuScale Power Corporation (NYSE: SMR) is too speculative for his taste, preferring GE Vernova Inc. (NYSE: GEV) as a safer alternative. NuScale Power will review second-quarter results on Wednesday, Aug. 5, with analysts projecting a loss of 13 cents per share on revenue of $14.71 million. NuScale shares gained 1.2% to settle at $10.15.

Price Action Summary

Asset	Price Movement	Closing Price
Medline Inc.	Gained 5.8%	$41.73
NuScale Power Corporation	Gained 1.2%	$10.15
AST SpaceMobile, Inc.	Fell 3.1%	$86.10

Will Medline's upcoming earnings report validate Cramer's 'best IPO' endorsement and sustain the stock's recent momentum?

Can AST SpaceMobile successfully execute its August satellite launches to achieve the two-term returns Cramer projected?

Will NuScale Power's earnings report reveal enough progress to overcome Cramer's concerns about its speculative nature?

Read Next Article

Wells Fargo lowers Alphabet price target to $416

0 min read Updated on 02 Jul 2026, 04:49 PM

Reviewed by

Radhika SScanX News Team

Add as a preferred
source on Google

AI Summary

Wells Fargo analyst Ken Gawrelski maintained an Overweight rating on Alphabet but lowered the price target to $416 from $435, signaling a revised valuation outlook while retaining a positive long-term view.

*this image is generated using AI for illustrative purposes only.

Wells Fargo analyst Ken Gawrelski has maintained an Overweight rating on Alphabet (NASDAQ: GOOGL) while reducing the price target to $416 from the previous $435. The revised target indicates a recalibrated valuation outlook for the technology giant despite the continued positive stance on the shares.

The rating affirmation suggests that the firm remains confident in Alphabet's underlying business fundamentals and long-term growth prospects. However, the reduction in the price target points to a more conservative assessment of the company's near-term upside potential or market conditions.

Investors following the stock will note that the Overweight designation typically implies an expectation for the security to outperform the average return of the analyst's coverage universe over a specific period. The specific drivers behind the $19 reduction in the price target were not detailed in the immediate filing.