Jim Cramer Says This Company Is 'Second-Rate' Logitech, Recommends Buying AMD

Jim Cramer recommended buying Advanced Micro Devices AMD on the latest episode of CNBC's “Mad Money Lightning Round.”

“Lisa Su's [AMD chair and Chief Executive Officer] doing a terrific job,” he noted.

On April 30, AMD reported first-quarter results that came in slightly ahead of expectations thanks to record data center revenue.

See Also: AMD CEO Lisa Su Says AI Is ‘Most Important’ Technology Of Last 50 Years, ‘Everyone’ Will Want An AI PC

Cramer said he would own XPO, Inc. XPO. “The stock is really good, the company is really good,” he added.

On May 3, XPO, reported first-quarter FY24 results, recording revenue growth of 5.8% Y/Y to $2.02 billion, beating the consensus of $2.01 billion. Adjusted EPS was 81 cents, up 44.6% Y/Y, beating the consensus of 67 cents.

Southern Copper Corp SCCO is a “very good” company, Cramer said. “I would not necessarily purchase some here, I would like it to come down a little.”

On April 30, Morgan Stanley analyst Carlos De Alba maintained Southern Copper with an Underweight and raised the price target from $123 to $135.

Cramer called Corsair Gaming, Inc. CRSR a “second-rate” Logitech International LOGI. The company posted better-than-expected quarterly earnings on May 7, but sales missed estimates.

Cramer said he would not own Starwood Property Trust, Inc. STWD. The company reported upbeat first-quarter earnings, while sales missed estimates.

Price Action:

• AMD shares fell 0.8% to settle at $152.39 on Thursday.
• Southern Copper shares gained 3.6% to close at $117.02.
• Corsair Gaming shares gained 0.5% to settle at $10.84.
• Starwood Property Trust shares fell 0.2% to close at $20.05 on Thursday.
• XPO shares rose 0.9% to settle at $113.00 on Thursday.

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