On CNBC's “Mad Money Lightning Round,” Jim Cramer said the new product line of Edwards Lifesciences Corporation EW is “pulling back here.” “That may be the right level to buy it. They are doing very well now,” he added.
On April 25, Edwards Lifesciences posted better-than-expected results for its first quarter. The company said it sees FY24 adjusted EPS of $2.70 to $2.80 on revenue of $6.3 billion to $6.6 billion.
When asked about Freeport-McMoRan FCX, he said, “I want it to come in first, it's been straight up. I do not like parabolic moves.”
On April 23, Freeport-McMoRan reported first-quarter FY24 results. Revenue stood at $6.32 billion, beating the consensus of $5.66 billion. Adjusted EPS was 32 cents, beating the consensus of 27 cents.
The “Mad Money” host said he likes Delta Air Lines, Inc. DAL very much and likes United Airlines Holdings, Inc. UAL too. “I think they're both good. Now, remember, they're very inexpensive stocks, but they trade wildly. But I do like Delta,” he added.
On April 10, Delta Air Lines reported better-than-expected first-quarter earnings. Delta reported a first-quarter 2024 operating revenue growth of 8% year-over-year to $13.748 billion and adjusted operating revenue of $12.563 billion (+6% YoY), beating the consensus of $12.57 billion. Adjusted EPS was 45 cents, above the consensus of 36 cents, according to data from Benzinga Pro.
The Trade Desk, Inc. TTD is doing “fantastically,” Cramer said. “Jeff Green [CEO of The Trade Desk] is doing a remarkable job, and lot of people prefer it to Google. So I will tell you that even though it's a very expensive stock, it is a good stock. And I would not sell it, I'm more inclined to buy it below the 80 level.”
On April 30, Roku, Inc. ROKU announced plans for a new data-driven TV streaming partnership with Trade Desk to equip advertisers with better planning, buying, and measurement of TV streaming media.
Price Action:
- Edwards LifeSciences shares fell 1.5% to settle at $84.67 on Tuesday.
- Delta shares fell 0.8% to close at $50.07 on Tuesday.
- Freeport-McMoRan shares fell 4.7% to settle at $49.94 on Tuesday.
- Trade Desk shares fell 2% to settle at $82.85 during Tuesday's session.
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