Jim Cramer: VICI Properties Is 'Fine', Recommends Buying This Energy Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer said VICI Properties Inc. VICI is “fine.”

VICI Properties will release its third quarter financial results on Thursday, Oct. 31, after the close of trading on the NYSE.

Cramer said although STMicroelectronics N.V. STM is fine, but he prefers Micron Technology, Inc. MU.

STMicroelectronics said it will release third-quarter earnings before the opening bell on the European Stock Exchanges on Oct. 31.

Cramer said Tetra Tech, Inc. TTEK is “remarkable.”

The company recently revealed that the U.S. Army Corps of Engineers (USACE), Omaha District, awarded $249 million, multiple-award contract to provide environmental assessment and design services at facilities and sites throughout the United States.

Crown Castle Inc. CCI is “just ok. It's not that well-run,” Cramer said. “I would not chase the stock.”

On Sept. 26, Goldman Sachs analyst Brett Feldman maintained Crown Castle with a Neutral and raised the price target from $105 to $120.

The “Mad Money” host recommended buying Schlumberger Limited SLB stock right here, adding that it is the “best of breed.”

On Oct. 1, SLB announced the joining of forces with ADNOC Drilling and Patterson-UTI to accelerate the UAE’s unconventional oil program.

“I am shocked at how low that is,” Cramer said when asked about New Fortress Energy Inc. NFE. “I think that you have to stick with it.”

Last week, New Fortress Energy announced its CEO made a $50 million stock purchase.

Cramer recommended holding on to Pure Storage, Inc. PSTG.

On Aug. 28, Pure Storage reported quarterly earnings of 44 cents per share, which beat the analyst consensus estimate of 37 cents per share.

Price Action:

• VICI Properties shares settled at $32.42 on Monday.
• Pure Storage shares gained 0.2% to close at $51.32.
• STMicroelectronics shares fell 0.9% to close at $28.18 during the session.
• Crown Castle shares slipped 0.3% to close at $111.20 during Monday's session.
• SLB shares gained 0.3% to close at $45.59 on Monday.
• Tetra tech shares fell 0.7% to close at $48.01.
• New Fortress Energy shares fell 6.9% to settle at $9.39 on Monday.

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