On CNBC’s “Mad Money Lightning Round,” the illustrious Jim Cramer voiced his admiration for Energy Transfer LP, which delivered stellar earnings for its fourth quarter.
Cramer highlighted the success of KKR & Co. Inc. and Blackstone, foreseeing even greater profitability in their future endeavors.
“They’re impressive, and I anticipate they will outdo their current financial achievements,” he remarked.
KKR and Blackstone together manage assets exceeding $550 billion and $1 trillion, respectively.
Weave Living and KKR recently formed a strategic partnership to invest in rental housing assets in South Korea, as reported on March 26.
Jim Cramer endorsed Rio Tinto Group as a lucrative investment opportunity during the recent market tumult.
Notably, Rio Tinto’s FY23 results revealed a 3% decline in sales revenue year over year, with underlying EPS dropping by 12%.
Cramer also recommended purchasing shares of Becton, Dickinson and Company, citing its recent efforts to ramp up production of medical syringes within the U.S.
Regarding California Resources Corporation, Cramer suggested opting for Constellation Energy instead, pointing out that proactivity is key in investment choices.
He lauded e.l.f. Beauty, Inc. as a standout performer in the industry, advising investors to maintain their positions without engaging in further buying or selling.
DA Davidson analyst Linda Bolton Weiser reaffirmed the positive outlook on e.l.f. Beauty, setting a price target of $220.
Cramer opined on Pure Storage, Inc., recommending a cautious approach by purchasing some shares and awaiting a market correction.
Citigroup analyst Asiya Merchant initiated coverage on Pure Storage with a Buy rating and a price target of $65.
Samsara Inc., according to Cramer, holds promise as a top-performing stock poised to generate substantial returns.
Samsara’s impressive fourth-quarter financial results and optimistic FY25 guidance further bolstered its investment appeal.
Expressing confidence in Coherent Corp.’s revenue prospects, Cramer advised acquiring shares at the present price point and anticipating a future dip.
Coherent reported better-than-expected financial results for the second quarter and provided guidance for the upcoming quarters.
Lastly, Cramer endorsed New Fortress Energy Inc., highlighting Founder and CEO Wes Edens’ exceptional leadership acumen.
- Energy Transfer closed at $15.56 on Monday.
- KKR shares rose by 1% to $100.85 at market close.
- Becton Dickinson shares declined by 1.9% and ended at $241.67.
- Samsara shares climbed by 3.9% to conclude at $38.54.
- Rio Tinto saw a 0.7% increase, settling at $63.41.
- Coherent’s shares fell by 1.9%, closing at $62.12.
- New Fortress Energy shares dropped by 1% to $29.76 at market close.
- California Resources shares gained 1.8%, closing at $53.99 on Monday.
- Pure Storage shares rose by 0.9% to $52.68 at the end of trading.
- E.l.f. Beauty shares decreased by 2.7%, ending at $200.04.
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