Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: 'Let's Not Fool Around'

Zinger Key Points
  • "Parabolic move, my friend. We don’t like parabolic moves," Cramer said of Exxon Mobil.
  • The "Mad Money" host praised NuScale Power Corp.

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying either Ethereum ETH/USD or buy Bitcoin (CRYPTO: BTC), in case you want to own Marathon Digital Holdings, Inc. MARA. "Let’s not fool around," he added.

On April 10, JPMorgan analyst Reginald Smith maintained Marathon Digital with an Underweight and raised the price target from $16 to $16.50.

When asked about Exxon Mobil Corporation XOM, he said, "Parabolic move, my friend. We don’t like parabolic moves, that’s a very good example."

On April 15, Exxon Mobil awarded a large contract to TechnipFMC plc FTI for its Guyana’s Stabroek Block. TechnipFMC will supply subsea production systems for the Whiptail project.

"When it comes to data centers, I am inclined to say that no power company is going to make money off of it. Better to buy Vertiv VRT or Eaton ETN."

"That’s the way to do it," the "Mad Money" host said when asked about NuScale Power Corporation SMR.

On March 14, NuScale Power reported fourth-quarter FY23 sales growth of 35.3% year-on-year to $4.60 million, missing the analyst consensus estimate of $9.975 million.

Price Action:

  • Exxon Mobil shares fell 0.1% to settle at $118.63 on Wednesday.
  • Marathon Digital shares gained 0.2% to close at $14.63 on Wednesday.
  • NuScale Power shares fell 0.8% to settle at $4.93 during Wednesday’s session.

Read Next: Investor Sentiment Decreases Further, S&P 500 Falls For Fourth Straight Session

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