On CNBC's “Mad Money Lightning Round,” Jim Cramer said DraftKings Inc. DKNG is a buy. “It's come down all the way, I'm not worried about Illinois. I think it's in good shape,” he added.
The company filed for a mixed-shelf offering on Friday.
Cramer likes BlackRock, Inc. BLK, calling the stock “seems “ridiculously inexpensive” considering “all of the future prospects they have.”
On May 1, BlackRock completed the acquisition of SpiderRock Advisors.
Nextracker Inc. NXT is “terrific,” Cramer said.
Nextracker will replace Grocery Outlet Holding Corp. GO in the S&P MidCap 400, prior to the open of trading on Monday, June 24.
The Mad Money host said Micron Technology, Inc. MU is “going much higher.”
On June 10, UBS analyst Timothy Arcuri maintained Micron with a Buy and raised the price target from $125 to $155.
“If you have to own and oil company, I say you own ConocoPhillips COP,” Cramer said.
On June 5, Mizuho analyst Nitin Kumar maintained ConocoPhillips with a Neutral and lowered the price target from $142 to $132.
Cramer also likes Chevron Corporation CVX because it has a 4% yield.
On May 28, Hess shareholders approved the proposed $53 billion merger with Chevron.
Portillo’s Inc. PTLO has “just been one giant let down, horrible,” he said.
On May 30, Portillo’s said COO Derrick Pratt will depart effective June 30.
Cramer called Pan American Silver Corp. PAAS the “cheapest” silver stock. “But I'm not as big a silver fan as I am a gold fan,” he added.
On May 8, Pan American Silver posted a profit for its first quarter.
Price Action:
- DraftKings shares rose 0.5% to settle at $38.24 on Tuesday.
- Nextracker shares gained 1.5% to close at $58.92 during Tuesday session.
- Micron shares rose 0.2% to close at $135.07.
- Pan American Silver shares closed at $20.06 on Tuesday.
- ConocoPhillips shares gained 0.3% to close at $113.63 on Tuesday.
- Chevron fell 0.2% to close at $156.49 during Tuesday's session.
- BlackRock shares fell 1.1% to close at $757.63.
- Portillo's shares gained 1.3% to settle at $9.93 on Tuesday.
Read Next: Top 4 Health Care Stocks That May Keep You Up At Night This Month
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
