Zinger Key Points
- Cramer recommends holding AMD, bullish on Palo Alto Networks' earnings.
- He praised Uber and DoorDash; advised against Teladoc and BRC Inc.
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On CNBC’s "Mad Money Lightning Round," Jim Cramer said Advanced Micro Devices, Inc. AMD is a "good hold."
Cramer said Palo Alto Networks, Inc. PANW is "doing terrific." The company is scheduled to report earnings this week and he expects a "very good quarter" for that cybersecurity company.
When asked about Teladoc Health, Inc. TDOC, he said, "I think it’s a very crowded area. It was great, and then everyone else decided it was such a good business that it wrecked their margins. So I’m going to say please do not buy that stock."
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Cramer said he doesn’t see BRC Inc. BRCC making "enough money for me to think it’s an inexpensive stock."
The "Mad Money" host said Howard Hughes Holdings Inc. HHH is an "asset play, and we are really all about trying to figure out earnings growth, particularly higher earnings growth that we can own for the long term. And I do not want to be involved in a break up story, which is what I think you have there."
Uber Technologies, Inc. UBER is a Buy, Cramer said, "I think this was the beginning of what is going to be a period where some of these companies that became public during the era are just breaking away from the pack. That was an amazing number, Uber, and let me throw in DoorDash, Inc. DASH."
Cramer said he likes EQT Corporation EQT. "But as much as I like EQT, I like Coterra Energy Inc. CTRA even more. It’s cheaper, and I think it has better assets," he added.
SoFi Technologies, Inc. SOFI is "incredibly inexpensive," and the company reported a great quarter, Cramer said.
Price Action: Shares of SoFi gained 1.3% to close at $6.94, while Coterra Energy gained 0.6% to $26.97 on Friday. EQT fell 0.7% to settle at $39.13, while DoorDash gained 3.5% to close at $87.47 during Friday’s session. Uber shares gained 3.1% to settle at $51.58, while Howard Hughes gained 1.4% to $70.57 on Friday. BRC shares gained 7.6%, while Teladoc added 1.9% on Friday. Palo Alto stock rose 4.5% to close at $253.51, while AMD rose 4.5% to $118.59 on Friday.
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