On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended putting Photronics Inc (NASDAQ:PLAB) in the &#34;penalty box.&#34;



He explained that the company had reported a &#34;really” bad miss in earnings results. When something like this happens, the stock should be put in the “penalty box until we see the next quarter.” Cramer added that there could be more quarters of soft results.



When asked about Woodward, Inc. (NASDAQ:WWD), the Mad Money host said that it is a &#34;very, very good company.&#34;



&#34;You're not going to get this company for less than 30 times, it's going to be 40 times earnings, which it is,&#34; he stated. Woodward designs and builds innovative energy control solutions for aerospace and industrial applications.



Cramer added that the company's business is what is &#34;working now during this administration,&#34; while recommending the stock.



Cramer believes owning MannKind Corp (NASDAQ:MNKD) is a &#34;total speculation.&#34;



“While you have one speculation, you need other stocks that are &#34;a little bit more earnings oriented,&#34; he added. &#34;This would fit as that speculation, so I bless it for that purpose only.&#34;



Regarding Occidental Petroleum Corp (NYSE:OXY), Cramer warned that the stock would “go down a lot” if the war ends.



Price Action



<ul>
<li>Shares of Photronicsdeclined 1.84% to close at $31.52 on Thursday.</li>



<li>Woodward's stock rallied 2.95% to $360.36 on Thursday.</li>



<li>MannKind shares rose 4.76% to settle at $3.52.</li>



<li>Shares of Occidental Petroleum declined 1.63% to close at $58.67 on Thursday.</li>
</ul>



Photo: Shutterstock

PLAB

MNKD

Jim Cramer placed Photronics in the 'penalty box' due to poor earnings, warning of continued soft results. He praised Woodward as a strong buy, citing high valuation multiples justified by its performance. Cramer labeled MannKind as pure speculation but acceptable for that role. Conversely, he warned Occidental Petroleum could drop significantly if the war ends.

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Photronics

Jim Cramer Puts This Chip Stock In The 'Penalty Box,' Warns Occidental Could 'Go Down A Lot' If War Ends