Cramer Calls Datadog 'Dynamite,' Puts SoFi In Dog House: 'What The Heck Is Going On'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Marvell Technology, Inc. MRVL reported a mixed quarter. "We got to wait," he added.

Last week, Marvell Technology unveiled a significant development in semiconductor technology through an expanded partnership with Taiwan Semiconductor Manufacturing Co TSM, launching the first-ever 2nm silicon intellectual property (IP) technology platform.

Cramer recommended buying Datadog, Inc. DDOG, saying that it is a "dynamite" company. "It is expensive, but they really know what they’re doing," he noted.

On Feb. 13, Datadog posted upbeat sales for its fourth quarter, but issued FY24 EPS guidance below estimates. The company clocked fourth-quarter FY23 revenue growth of 26% year-on-year to $589.649 million, beating the consensus of $568.695 million.

When asked about Centrus Energy Corp. LEU, he said, "Very speculative situation. I want you to buy the GE spinoff that’s coming, it’s Vernova. That has got nuke, and I love the balance sheet, and I love what the company’s doing, and you want to be a little diversified."

On Feb. 8, Centrus Energy reported better-than-expected fourth-quarter financial results.

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Altimmune, Inc. ALT is an "absolute, without a doubt, high-risk stock, when you could have Eli Lilly LLY," Cramer said.

Last month, Kerrisdale Capital announced a short position in the stock, claiming the company had little chance of competing against others in the GLP-1 space and calling it an “obvious dead end.”

When asked about Lantheus Holdings, Inc. LNTH, he said, "I’ve been preferring RadNet RDNT, because I think they’ve got a better business model."

On March 4, Lantheus announced the FDA approval of DEFINITY for pediatric patients.

"They were doing great, and then they did this convertible bond, and it just wrecked the stock," the "Mad Money" host said about SoFi Technologies, Inc. SOFI. "The stock has just been in the dog house ever since, and I don’t like it when I tell people to buy a stock and it’s staying in the dog house. We got to find out what the heck is going on there."

On March 5, SoFi Technologies announced a proposed $750 million convertible senior notes offering due 2029.

Cramer said On Holding AG ONON had a "controversial" quarter. "I am on the fence on On," he added.

Price Action

• Shares of Marvell Technology gained 0.5% to close at $67.20 on Monday.
• Datadog shares gained 0.4% to close at $120.87 on Monday.
• Centrus Energy shares gained 1.4% to settle at $38.77.
• Altimmune shares dipped 7.9% to settle at $9.08 on Monday.
• Lantheus shares fell 2.8% to close at $56.52 on Monday.
• Shares of SoFi rose 0.7% to settle at $7.08.
• On Holding shares fell 0.4% to close at $33.10 on Monday.

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