Jim Cramer: This Consumer Cyclical Stock Is A 'One-Trick Pony'

On CNBC's “Mad Money Lightning Round,” Jim Cramer called Churchill Downs Incorporated (NASDAQ:CHDN) a “one-trick pony.”

On April 25, Barclays analyst Brandt Montour maintained a Churchill Downs rating of Overweight and lowered the price target from $125 to $124, while Mizuho analyst Ben Chaiken maintained the stock with an Outperform rating and reduced the price target from $140 to $137.

“I would indeed start a position, and I have been very on negative on UnitedHealth,” Cramer said. “I would start a potion at $400. That's a big change for me.”

On the earnings front, UnitedHealth (NYSE:UNH) reported first-quarter revenue of $109.58 billion on April 21, missing analyst estimates of $ 111.60 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $7.20 per share, missing estimates of $7.29 per share.

“If you want to be in that space, let's just go buy Dell (NYSE:DELL),” Cramer said when asked about Super Micro Computer, Inc. (NASDAQ:SMCI).

Price Action:

  • UnitedHealth shares gained 0.5% to settle at $411.44 on Wednesday.
  • Churchill Downs shares fell 1.1% to close at $90.41 during the session.
  • Super Micro Computer shares dipped 11.5% to settle at $31.86 on Wednesday.

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