On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended selling BP p.l.c. (NYSE:BP).
On the earnings front, BP, on Nov. 4, posted third-quarter adjusted earnings of 85 cents per American depositary share, topping the consensus estimate of 75 cents. Total revenue rose to $48.42 billion from $47.25 billion in the same quarter last year, falling short of analyst projections of $51.38 billion.
Cramer said, although he likes Cencora, Inc. (NYSE:COR) a lot, Cardinal Health, Inc. (NYSE:CAH) has “got them all beat.”
On Monday, Cencora agreed to acquire the majority stake in OneOncology that it does not already own from TPG and other shareholders. The consideration includes approximately $3.6 billion and retires its existing corporate debt of $1.3 billion, for a total consideration of approximately $5 billion.
Cramer said Perpetua Resources Corp. (NASDAQ:PPTA) is a “hot” stock, but recommended Agnico Eagle Mines Limited (NYSE:AEM).
Perpetua Resources, on Nov. 17, reported third-quarter losses of 24 cents per share, which missed the analyst consensus estimate of losses of 3 cents per share.
Price Action:
- Cencora shares gained 1.3% to settle at $350.32 on Monday.
- BP shares slipped 0.03% to close at $35.25.
- Perpetua Resources shares fell 6.9% to close at $26.84.
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