This Tech Company Is One Of Cramer's 'Absolute Stocks... If It Gets Hit, Buy More'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Carvana Co. CVNA has had a "very, very big move now, I think Ernie Garcia [CEO of Carvana] is doing a terrific job. But you got to wait for a pullback, a lot of it is short squeeze."

On Feb. 22, Carvana reported fourth-quarter revenue of $2.424 billion, which missed the consensus estimate of $2.528 billion, according to Benzinga Pro. The company reported quarterly loss of $1 per share, which missed analyst estimates for a loss of 88 cents per share.

"It is going to be a real battle. And there are so many non-battle stocks right now, you do not need to do a battle," Cramer said when asked about AMN Healthcare Services, Inc. AMN. "Let’s stay away."

On Feb. 15, AMN Healthcare Services reported upbeat fourth-quarter financial results but issued first-quarter revenue guidance below estimates.

Cramer recommended buying Public Storage PSA and said the stock is down on an opportunity. "These guys are very smart operators," he added.

On Feb. 20, Public Storage posted better-than-expected earnings for its fourth quarter.

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When asked about Vistra Corp. VST, he said, "I have got to study that before I ever recommend it."

On Feb. 23, Vistra said its board has declared a quarterly dividend of 21.5 cents per share of its common stock.

The "Mad Money" host said everybody loves HubSpot, Inc. HUBS and call it the junior Salesforce CRM. "I think Salesforce is the Salesforce, and you don’t need HubSpot," he noted.

On Feb. 14, HubSpot reported better-than-expected fourth-quarter financial results and issued strong guidance.

Cloudflare, Inc. NET is one of my "absolute stocks," Cramer said. "There’s just a fantastic narrative there. You must hold on to Cloudflare, and if it gets hit, you buy more."

On Feb. 8, San Francisco-based Cloudflare reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.

Price Action:

• Shares of Public Storage fell 2.2% to close at $278.62 on Monday.
• Vistra shares rose 0.3% to close at $48.75 on Monday.
• HubSpot shares rose 0.3% to settle at $606.96.
• AMN Healthcare Services shares rose 1.8% to settle at $55.83 on Monday.
• Cloudflare shares gained 0.6% to close at $99.08.
• Shares of Carvana gained 0.9% to settle at $69.88 on Monday.

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