Zinger Key Points
- Cheniere Energy is a "terrific" stock, Cramer says.
- Jim Cramer recommends buying Arista Networks.
- Discover Fast-Growing Stocks Every Month
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Arista Networks ANET. “That business is smoking hot,” he added.
On Dec. 17, Morgan Stanley analyst Meta Marshall maintained Arista Networks with an Overweight and raised the price target from $102.5 to $118.
Cramer said Under Armour, Inc. UA is a “great spec.” However, he recommended being careful.
On Dec. 12, Under Armor reiterated its FY25 guidance.
When asked about Texas Pacific Land Corporation TPL, he said, “We have liked it, but it's now gone up so much. I've got to tell you, I want to hold off.”
On Nov. 6, Texas Pacific Land posted weaker-than-expected quarterly sales.
Cheniere Energy LNG is a “terrific” stock, Cramer said. "I like the LNG market now that we have President-elect Trump coming in because he's pro LNG.”
On Oct. 31, Cheniere Energy reported better-than-expected third-quarter financial results and raised its FY24 adjusted EBITDA guidance. Cheniere Energy reported quarterly earnings of $3.93 per share which beat the analyst consensus estimate of $1.87 per share. The company reported quarterly sales of $3.763 billion which beat the analyst consensus estimate of $3.729 billion.
Wells Fargo WFC is a buy, the “Mad Money” host said.
Wells Fargo Bank lowered its prime rate to 7.50% from 7.75%, effective Dec. 19, 2024.
“These are really good companies, you have to buy them when they're low,” Cramer said when asked about CSX Corporation CSX.
CSX will release fourth quarter financial and operating results after the closing bell on Thursday, Jan. 23, 2025.
“You want to hold on to Eaton Corporation plc ETN. You know, Eaton is a buy and hold story,” Cramer said. “Do not sell, own.”
On Dec. 9, Citigroup analyst Andrew Kaplowitz maintained Eaton with a Buy and raised the price target from $394 to $440.
Price Action:
- Cheniere Energy shares gained 1.4% to settle at $208.89 on Friday.
- Arista shares rose 3.4% to close at $112.81 during the session.
- Eaton shares rose 0.7% to settle at $338.12.
- Texas Pacific Land shares gained 3.4% to settle at $1,133.12 on Friday.
- Under Armour shares gained 2.9% to $7.78 on Friday.
- Wells Fargo shares gained 2.2% to settle at $70.34 on Friday.
- CSX shares gained 0.9% to close at $31.85.
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