Jim Cramer: This Tech Stock Is A Buy, Louisiana-Pacific Has Been A 'Great Stock'
Stocks To Buy: Cramer
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Robinhood (NASDAQ:HOOD).
On Jan. 13, the U.S. Securities and Exchange Commission (SEC) announced that Robinhood Securities LLC and Robinhood Financial LLC will pay a combined $45 million in civil penalties to settle a series of regulatory violations.
Cramer said Adobe Inc. (NASDAQ:ADBE) is a buy, adding that it has “come so far down.”
On Dec. 11, Adobe reported fourth-quarter revenue of $5.61 billion, beating the consensus estimate of $5.54 billion. The company reported fourth-quarter adjusted earnings of $4.81 per share, beating analyst estimates of $4.66 per share.
The Mad Money host said he likes Sealed Air Corporation (NYSE:SEE).
Sealed Air will release its fourth quarter and full year 2024 results and 2025 outlook on Tuesday, Feb. 25.
Avoid This REIT Stock
Cramer recommended not buying Easterly Government Properties, Inc. (NYSE:DEA).
On Dec. 6, 2024, Truist Securities analyst Michael Lewis also lowered the price target on the stock from $14 to $13.
Says No To This Health Care Stock
Cramer said no to IDEXX Laboratories, Inc. (NASDAQ:IDXX), calling it “too inconsistent.”
IDEXX Laboratories will release its 2024 fourth quarter and full year financial results on Monday, Feb. 3.
Other Stocks In Focus
Cramer recommended sticking with Louisiana-Pacific Corporation (NYSE:LPX), saying it has been a “horse” and a “great stock.”
On Jan. 8, BlueLinx and Louisiana-Pacific announced the expansion of distribution partnership.
Cramer said own Cameco Corporation (NYSE:CCJ) if you're going to own a uranium stock. However, he added, “I don't think it's a growth business.”
On Jan. 9, Cameco acknowledged the resignation of Westinghouse President and CEO.
Price Action:
- Robinhood shares gained 4.5% to settle at $48.15 on Friday.
- Louisiana-Pacific shares fell 0.6% to close at $114.91 during the session.
- Adobe shares gained 0.7% to close at $429.99.
- Easterly Government Properties shares gained 0.2% to settle at $11.52.
- Cameco shares gained 4.3% to close at $51.63.
- Sealed Air shares fell 0.5% to settle at $34.52 on Friday.
- IDEXX Laboratories shares fell 2.2% to close at $419.26.
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Posted-In: CNBC mad money Lightning Round Jim CramerNews Markets Media Trading Ideas
