Jim Cramer Says Intuitive Surgical Is A 'Fantastic, Expensive Company'

Intuitive Surgical, Inc. ISRG is a “fantastic company with an expensive stock,” according to CNBC's Jim Cramer.

On Oct. 17, Intuitive Surgical reported third-quarter revenue of $2.04 billion, beating the consensus estimate of $2 billion.

During the latest edition of “Mad Money Lightning Round,” Cramer said Energy Transfer LP ET is a buy.

Energy Transfer reported quarterly earnings of 32 cents per share which missed the analyst consensus estimate of 37 cents per share. The company reported quarterly sales of $20.772 billion which missed the analyst consensus estimate of $22.297 billion.

“Let it ride,” Cramer said when asked about T-Mobile US, Inc. TMUS.

On Oct. 23, T-Mobile reported quarterly earnings of $2.61 per share, which beat the analyst consensus estimate of $2.41 per share.

Cramer recommended buying Constellation Energy Corporation CEG. “I think it still works higher,” he added.

On Nov. 4, Constellation Energy reported third-quarter results and revised its FY24 adjusted EPS guidance, which is below estimates.

When asked about International Business Machines Corporation IBM, he said, “I think we can hold it.”

On Oct. 23, IBM reported third-quarter revenue of $14.968 billion, missing the consensus estimate of $15.07 billion, according to Benzinga Pro.

The Mad Money host said he is not recommending Snowflake Inc. SNOW. “I think they have a lot of companies that are up against them,” he noted.

On Nov. 11, Keybanc analyst Eric Heath maintained Snowflake with an Overweight and lowered the price target from $168 to $150.

Price Action:

• Energy Transfer shares fell 1.1% to settle at $17.05 on Tuesday.
• Intuitive Surgical shares gained 0.3% to close at $537.07.
• T-Mobile shares rose 0.3% to close at $239.00 on Tuesday.
• Constellation Energy shares fell 3.6% to settle at $228.70 during the session.
• IBM shares fell 0.5% to close at $210.86 on Tuesday.
• Snowflake shares gained 1.6% to settle at $125.46.

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Courtesy of Intuitive Surgical