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© 2026 Benzinga | All Rights Reserved
May 29, 2024 8:47 AM 2 min read

Jim Cramer Recommends Buying Apple, Finds This Tech Stock 'Very Interesting'

by Avi Kapoor Benzinga Staff Writer
Follow

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Apple Inc. (NASDAQ:AAPL) is a “buy here.”

Apple's iPhone sales in China increased by 52% year-on-year in April, Reuters cited from industry reports.

When asked about Palantir Technologies Inc. (NYSE:PLTR), he said, “It's very tough to understand what they really do for the government. So, therefore, I am no longer going to say that that's a stock to own.”

On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million.

Axcelis Technologies, Inc. (NASDAQ:ACLS) is a “very good semiconductor that's been left behind,” Cramer said. “I find that very interesting.”

On May 1, Axcelis Technologies posted better-than-expected quarterly results.

When asked about Datadog, Inc. (NASDAQ:DDOG), Cramer said he wants quarterly earnings report from Salesforce (NYSE:CRM) today, as Workday (NASDAQ:WDAY) was “not as good as I'd like.” He added, “If Salesforce is not as good as I'd like, then Datadog's going to go down. Let's hold off for a day.”

On May 15, Needham analyst Mike Cikos reiterated Datadog with a Buy and maintained a $165 price target.

Cramer said Novo Nordisk A/S (NYSE:NVO) is a “good growth” stock, but he likes Eli Lilly and Company (NYSE:LLY) better.

Novo Nordisk disclosed that it retains approximately 60% of the list price of its diabetes and obesity medications, Ozempic and Wegovy, in the U.S. after accounting for rebates and fees paid to intermediaries.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is “such a bargain,” the “Mad Money” host said. “I'd love to join you in owning that one.”

On April 26, T. Rowe Price posted better-than-expected financial results for the first quarter.

Jim Cramer said he needs to do some more work on Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD).

On May 7, Great Lakes Dredge & Docks posted better-than-expected first-quarter financial results.

“This is TV stations, and I just don't care for anything involving linear TV,” Cramer said when asked about TEGNA Inc. (NYSE:TGNA).

On May 8, Tegna posted stronger-than-expected quarterly earnings.

Price Action:

Read Next: Advance Auto Parts, Ooma And 3 Stocks To Watch Heading Into Wednesday

Image: Shutterstock

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Posted In:
Long IdeasNewsTop StoriesMarketsMediaTrading Ideasmad money Lightning Round
AAPL Logo
AAPLApple Inc
$263.17-0.45%
Overview
ACLS Logo
ACLSAxcelis Technologies Inc
$81.00-1.23%
CRM Logo
CRMSalesforce Inc
$187.79-%
DDOG Logo
DDOGDatadog Inc
$121.08-0.57%
GLDD Logo
GLDDGreat Lakes Dredge & Dock Corp
$16.880.06%
LLY Logo
LLYEli Lilly and Co
$1021.000.04%
NVO Logo
NVONovo Nordisk AS
$48.80-0.87%
PLTR Logo
PLTRPalantir Technologies Inc
$134.20-0.87%
TGNA Logo
TGNATegna Inc
$20.950.34%
TROW Logo
TROWT. Rowe Price Group Inc
$95.550.65%
WDAY Logo
WDAYWorkday Inc
$142.850.15%
  • Datadog shares fell 1.2% to settle at $122.11 on Tuesday.
  • T. Rowe Price shares fell 1.6% to close at $116.33.
  • Palantir Technologies shares rose 0.2% to settle at $21.05.
  • Axcelis Technologies shares gained 3.6% to close at $115.33 on Tuesday.
  • Tegna shares gained 0.6% to settle at $14.42.
  • Apple shares rose 0.01% to settle at $189.99 on Tuesday.
  • Novo Nordisk shares fell 1.4% to settle at $134.08 during Tuesday's session.
  • Great Lakes Dredge & Dock shares gained 0.3% to close at $9.23 on Tuesday.
AAPL Logo
AAPLApple Inc
$263.17-0.45%
Overview
ACLS Logo
ACLSAxcelis Technologies Inc
$81.00-1.23%
CRM Logo
CRMSalesforce Inc
$187.79-%
DDOG Logo
DDOGDatadog Inc
$121.08-0.57%
GLDD Logo
GLDDGreat Lakes Dredge & Dock Corp
$16.880.06%
LLY Logo
LLYEli Lilly and Co
$1021.000.04%
NVO Logo
NVONovo Nordisk AS
$48.80-0.87%
PLTR Logo
PLTRPalantir Technologies Inc
$134.20-0.87%
TGNA Logo
TGNATegna Inc
$20.950.34%
TROW Logo
TROWT. Rowe Price Group Inc
$95.550.65%
WDAY Logo
WDAYWorkday Inc
$142.850.15%
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