Jim Cramer Likes This Oil Giant Up Almost 28% In A Year — 'It Has Room To Grow'

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying Caterpillar Inc. CAT. "The stock is not priced for any sort of great growth, and yet I think that because of all the infrastructure money that’s coming, 2024 is going to be a good year," he added.

"Fran Horowitz is real smart " Cramer said when asked about Abercrombie & Fitch Co. ANF. "I have missed A&F because I’ve been so fearful of that kind of, that age group apparel, but it’s a winner, what can I say."

Cramer said he likes Exxon Mobil Corporation XOM. "I think Exxon continues to go higher…it has room to grow," he added. Shares of XOM are up over 10% YTD and have gained almost 28% in the past year. 

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The "Mad Money" host said Ardelyx, Inc. ARDX is a "speculative stock."

Cramer said he likes American Water Works Company, Inc. AWK. "It’s just a very good company that’s being caught up in the maelstrom of higher rates," he added.

fuboTV Inc. FUBO is "too speculative," Cramer said. "It’s just not good enough, I don’t want you to put your money in them."

Price Action: Shares of fuboTV gained 2.3% to close at $2.67, while American Water Works added 0.2% to $123.83 on Friday. Ardelyx shares gained 1% to settle at $4.08, while Exxon fell 1.6% to close at $117.58 on Friday. Abercrombie & Fitch shares gained 0.6% to settle at $56.37, while Caterpillar lost 1.2% to close at $273.00 on Friday.

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