Jim Cramer Says Chevron Is Doing 'Pretty Well,' Will Give This Pharma Giant 'A Chance'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Core & Main, Inc. CNM is "right at the heart of this infrastructure bull market I keep talking about because it does waste water. It is perfectly positioned…even though it’s just been a horse, it can go higher."

On March 19, Core & Main reported upbeat sales results for its fourth quarter. The company posted quarterly earnings of 34 cents per share, missing analysts’ estimates of 35 cents per share. The company’s quarterly sales came in at $1.44 billion, versus expectations of $1.43 billion, according to data from Benzinga Pro.

KLA Corporation KLAC is a "very good" company, Cramer said.

On March 25, Stifel analyst Brian Chin reiterated KLA with a Buy and maintained a $685 price target.

Chevron Corporation CVX has got a 4% yield and is doing "pretty well," Cramer said, "That’s Mike Wirth’s company, I’m not going to leave it here."

On March 18, Chevron’s Chevron New Energies inked a signed Memorandum Of Understanding with JX Nippon Oil & Gas Exploration Corporation to develop the CCS value chain.

"Let’s give Pfizer a chance. They’ve got this really good acquisition that I like of Seagen. Let’s give it some time here," Cramer said when asked about Pfizer Inc. PFE.

On March 22, Argus Research analyst David Toung downgraded Pfizer from Buy to Hold.

The "Mad Money" host said Leidos Holdings, Inc. LDOS is a winner. "It’s a defense contractor that’s actually not struggling to get money out of Congress," he added.

On March 27, B of A Securities analyst Mariana Perez maintained Leidos Holdings with a Buy and raised the price target from $125 to $145.

"People like these things, people like these bulk carriers right now," Cramer said when asked about SFL Corporation Ltd. SFL. "Do not overstay your welcome in this, it’s been a big run. But it’s going to go a little higher."

On Feb. 14, SFL posted better-than-expected results for its fourth quarter.

Price Action:

• Shares of Core & Main gained 0.9% to close at $57.25 on Thursday.
• Pfizer shares fell 0.1% to close at $27.75.
• SFL shares gained 0.5% to settle at $13.18 on Thursday.
• Leidos shares gained 0.4% to close at $131.09 during Thursday’s session.
• KLA shares gained 0.2% to settle at $698.57.
• Shares of Chevron gained 0.9% to close at $157.74 on Thursday.

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