# Jim Cramer Endorses Reddit and Rocket Lab While Skipping SiTime Amid Rising Interest Rates

- URL: https://stocks.freetheai.org/news/jim-cramer-endorses-reddit-and-rocket-lab-while-skipping-sitime-amid-rising-809c6b
- Published: 2026-10-16T01:22:43Z
- Category: company_news; sentiment: bullish; impact: medium
- Symbols: [NYSE:RDDT](https://stocks.freetheai.org/symbols/NYSE-RDDT), [NASDAQ:RKLB](https://stocks.freetheai.org/symbols/NASDAQ-RKLB), [NASDAQ:SITM](https://stocks.freetheai.org/symbols/NASDAQ-SITM)
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Television commentator Jim Cramer favored beaten-down equities on Thursday, backing Reddit, Inc. Class A (NYSE:RDDT) and Rocket Lab Corporation (NASDAQ:RKLB) while passing on SiTime Corporation (NASDAQ:SITM) amid higher borrowing costs. Reddit shares rose 7.24% to $159.40 despite declining over 12% across the preceding three months, as Chief Executive Officer Steve Huffman noted volatile referral traffic from Google alongside 61% revenue growth.

Investor focus remains locked on financial discipline and balance sheet strength as monetary policy tightens. Rocket Lab Corporation saw its stock fall 6.64% to $55.25 after pushing back its Neutron rocket timeline to 2027, despite securing a record $2.36 billion backlog that represents a 137% annual expansion. Meanwhile, interest rate futures indicate roughly a 27% probability of another rate increase following the Federal Reserve's rate hike in September.

Market participants will be tracking upcoming macroeconomic developments, including the Federal Reserve's policy decision scheduled for October 27-28. Investors will also monitor operational milestones across the highlighted firms, particularly Reddit's trajectory in stabilizing digital audience channels and Rocket Lab's progress toward commercial profitability.

## Key points

- Jim Cramer endorsed Reddit, Inc. Class A (NYSE:RDDT) and Rocket Lab Corporation (NASDAQ:RKLB) while passing on SiTime Corporation (NASDAQ:SITM).
- Reddit revenue increased 61%, though its shares have dropped more than 12% over the last three months due in part to inconsistent Google referrals.
- Rocket Lab postponed its Neutron project to 2027, even as its second-quarter backlog surged 137% year over year to a record $2.36 billion.
- Futures markets indicate a 27% chance of a Federal Reserve rate hike at the upcoming October 27-28 meeting.

## Questions and answers

### Why did Jim Cramer back Reddit stock?

Jim Cramer favored Reddit because he prefers sold-off stocks in a high interest rate environment. Despite stock declines over recent months, Reddit reported 61% revenue growth.

### Why was Rocket Lab's Neutron rocket delayed?

Rocket Lab delayed its Neutron rocket launch to 2027. While the company remains unprofitable, its second-quarter order backlog reached a record $2.36 billion, up 137% year over year.

### What are the odds of another Federal Reserve rate hike in October 2026?

Futures markets price in approximately a 27% chance that the Federal Reserve will raise interest rates at its Oct. 27-28 meeting.