Jim Cramer Says Buy This Software And Major Cloud Stock: 'It's In The Bullpen'

Public Service Enterprise Group Incorporated PEG has got a good yield and is a very solid company, according to Jim Cramer.

"But, you know what, I’m switching over to the pipeline companies," he said on CNBC’s "Mad Money Lightning Round."

"I think you should go get the double yield with the Enbridge Inc. ENB," he told viewers.

When asked about Medtronic plc MDT, he said, "I want you to keep it small because the one we’re buying is GE Healthcare because we’re going to be in the MRI business."

The "Mad Money" host said he is not a fan of ADTRAN Holdings, Inc. ADTN as the company is losing a lot of money.

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When asked about Fisker Inc. FSR, he said, "No, that’s more of a charity."

Cramer said, "I am not going to tell you to buy Marvell Technology, Inc. MRVL at 60 when I think you can get it at 54, 55."

When asked about Oracle Corporation ORCL, he said, "You buy more, it’s in the bullpen! Jeff and I have been talking about buying Oracle."

Price Action

• Shares of Oracle fell 1.9% to close at $113.10 while Marvell fell 3.3% to $59.94 on Wednesday.
• Fisker shares fell 1.2% to settle at $5.86, while ADTRAN lost 0.4% to close at $7.55 during the Wednesday’s session.
• Medtronic shares gained 0.9% to $82.94, while Enbridge rose 1.3% to $36.49 on Wednesday.
• Public Service Enterprise Group shares rose 0.2% to settle at $60.71 on Wednesday.

Image: Shutterstock

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