Jim Cramer: This Pet Retailer's Stock Is 'Low, That's Something Worth Taking A Look'

Zinger Key Points
  • Jim Cramer says Schlumberger is "doing well."
  • "I think it’s very low," Cramer says about Chewy.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Chewy, Inc. CHWY is fine. "I think it’s very low, and that’s something worth taking a look," he added. 

The company's shares have tumbled around 20% over the past month. On Jan. 11, Barclays analyst Trevor Young upgraded Chewy from Equal-Weight to Overweight and raised the price target from $19 to $30, while Goldman Sachs analyst Eric Sheridan maintained the stock with a Buy and lowered the price target from $40 to $36.

When asked about JetBlue Airways Corporation JBLU, he said, "These are airline stocks, and the airline stocks should have been making a lot more money, and I’m not going to start inventing reasons why we should own them. I just don’t have any."

JetBlue Airways said fourth-quarter operating revenue declined by 3.7% year-on-year to $2.33 billion, beating the consensus estimate of $2.29 billion. Adjusted loss per share was $(0.19), surpassing the consensus of $(0.28). Operating expenses increased 0.9% year-over-year to $2.39 billion. The company recorded an operating loss of $(67) million for the quarter, compared to a profit of $43 million a year ago.

Cramer said he likes The Home Depot, Inc. HD. "It’s had a very big run," he noted.

On Jan. 16, Piper Sandler analyst Peter Keith upgraded Home Depot from Neutral to Overweight and raised the price target from $311 to $400.

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The "Mad Money" host recommended buying Schlumberger Limited SLB. "They’re doing well," he added.

Schlumberger recently posted better-than-expected earnings for its fourth quarter. SLB posted adjusted earnings of 86 cents per share, beating market estimates of 84 cents per share. The company’s quarterly sales came in at $8.99 billion versus expectations of $8.96 billion.

Price Action:

  • Shares of Chewy rose 0.5% to close at $17.90 on Thursday.
  • JetBlue shares gained 5.1% to $5.58 on Thursday.
  • Home Depot shares rose 2% to settle at $360.07 during Thursday’s session.
  • Shares of SLB rose 0.6% to close at $49.00 on Thursday.

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