Cramer Likens This Stock To 'A Fine Merlot': It's Down 1% In 2023, So 'I Would Buy All You Can Right Here'


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On CNBC’s "Mad Money Lightning Round," Jim Cramer said Parker-Hannifin Corp (NYSE:PH) is "just the kind of industrial I’ve been recommending."

When asked about ConocoPhillips (NYSE:COP), he said, "That thing is like a fine Merlot, my friend. I would buy all you can right here." Shares of ConocoPhillips are down 1% in 2023, but are up 22% in the past year.

Cramer said he likes Snowflake Inc (NASDAQ:SNOW), adding that the company’s CEO Frank Slootman is a "moneymaker."

Analysts agree, giving SNOW a consensus Buy rating and a consensus price target of $184.11, according to Benzinga analyst ratings data.

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The "Mad Money" host said Zscaler Inc (NYSE:ZS) is "all the way down. It can bounce."

Cramer said he prefers Energy Transfer (NYSE:ET) over Sunoco LP (NYSE:SUN).

When asked about Illumina Inc (NASDAQ:ILMN), he said, "If you’re going to be in that business, there’s only two. There’s Thermo Fisher (NYSE:TMO) and there’s Cramer-fave Danaher (NYSE:DHR)."

Cramer said TG Therapeutics Inc (NASDAQ:TGTX) is run by CEO Mike Weiss. "I always believed in him," he added.

Now Read This: Check Out 3 High-Yielding Dividend Stocks In Industrials Sector From Benzinga's Most Accurate Analysts

Photo: Courtesy of Scott Beale on flickr


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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