On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Netflix, Inc. NFLX.
On Wednesday, JPMorgan analyst Doug Anmuth maintained Netflix with an Overweight and raised the price target from $850 to $1,010.
“It is absolutely true that they're not doing as well as Nvidia NVDA,” Cramer said when asked about Advanced Micro Devices AMD. “But can we just remember Lisa Su has built an amazing company?” He recommended buying the stock, saying that the stock is “actually cheap.”
On Monday, AMD named Tim Keating as senior vice president, Government Relations and Regulatory Affairs.
Cramer said he prefers Sempra SRE over Constellation Energy Corporation CEG. He added, “I don't want you to sell Constellation Energy, it has a habit of bouncing back because it's really involved in the data center, but it has got way too much volatility for me.”
On Nov. 22, Morgan Stanley analyst David Arcaro maintained Constellation Energy with an Overweight and lowered the price target from $323 to $322.
“Even with the talc litigation, I do want to buy it down here,” Cramer said when asked about Johnson & Johnson JNJ.
On Wednesday, Citigroup analyst Joanne Wuensch maintained Johnson & Johnson with a Buy and lowered the price target from $185 to $175.
Rubrik, Inc. RBRK is a “very good” company, Cramer said. “The stock has been straight up. And, I've got to tell you, after that last quarter, I understand why it's straight up. It was probably mispriced when it came public.”
On Dec. 5, Rubrik posted better-than-expected quarterly results.
When asked about JD.com, Inc. JD, he said, “It's too much of a stretch for me.”
On Monday, Bernstein analyst Robin Zhu upgraded JD.com from Market Perform to Outperform and raised the price target from $43 to $46.
Price Action:
- AMD shares gained 1.9% to settle at $130.15 on Wednesday.
- Constellation Energy shares gained 1.8% to close at $236.60.
- Rubrik shares gained 1.7% to settle at $70.42 on Wednesday.
- JD.Com shares fell 3.4% to $38.21 on Wednesday.
- Johnson & Johnson shares fell 1.7% to close at $146.64 on Wednesday.
- Netflix shares gained 2.5% to settle at $936.56 on Wednesday.
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