Zinger Key Points
- "I need to see a pullback in Copart," says Cramer.
- Jim Cramer recommends buying BHP Group.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying BHP Group BHP, adding that it's a “very well-run” company.
On Nov. 20, BHP announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global demand for copper.
Cramer said Diamondback Energy, Inc. FANG is a buy.
On Nov. 4, Diamondback Energy reported quarterly earnings of $3.38 per share, which missed the analyst consensus estimate of $3.99 per share. The company reported quarterly sales of $2.65 billion which beat the analyst consensus estimate of $2.44 billion.
When asked about AMC Entertainment AMC, he said, “If it gets to six, I want you to sell it. Period. End of story.”
On Nov. 12, the company disclosed a debt retirement move in a SEC filing. The company said it entered into a series of privately negotiated agreements to retire $24.22 million in unsecured debt through 5.75% subordinated notes due 2025 between Nov. 8 and Nov. 12.
Copart, Inc. CPRT is a “remarkable” company, Cramer said. “I need to see a pullback in Copart.”
On Nov. 21, Copart reported better-than-expected sales results for the first quarter.
Price Action:
- BHP Group shares gained 0.7% to settle at $52.36 on Friday.
- Diamondback Energy shares gained 1.4% to close at $185.29.
- AMC Entertainment shares gained 1.3% to close at $4.55.
- Copart shares jumped 10.2% to settle at $62.70 during the session.
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