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Jim Cramer: Stryker Is A 'Good' Company, Says He Likes This Utilities Stock

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Jim Cramer: Stryker Is A 'Good' Company, Says He Likes This Utilities Stock

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes NextEra Energy, Inc. (NYSE:NEE).

Morgan Stanley analyst David Arcaro, on March 20, maintained NextEra Energy with an Overweight rating and raised the price target from $95 to $97, supporting this view.

Cramer said BlackRock, Inc. (NYSE:BLK) is a “true buy and homework” stock. “I am betting on Larry Fink [CEO of BlackRock],” he added.

BlackRock has further increased its investment in Strategy Inc. (NASDAQ:MSTR), the company that’s primarily known for its large Bitcoin (NASDAQ:BTC) reserves. A disclosure with the Securities and Exchange Commission on Feb. 6 shows that BlackRock’s investment portfolio now includes approximately 11.26 million shares. This move brings BlackRock’s total ownership in Strategy to 5%.

Stryker Corporation (NYSE:SYK) is a “good” company, Cramer said.

On Wednesday, Stryker announced its intention to nominate Manny Maceda to the board of directors. Needham analyst Mike Matson reiterated a Buy rating on Stryker and maintained a $442 price target on March 21.

Price Action:

  • NextEra Energy shares gained 1.7% to settle at $69.73 on Wednesday.
  • BlackRock shares fell 0.5% to close at $968.24 during the session.
  • Stryker shares fell 1.4% to settle at $367.77 on Wednesday.

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Photo: Shutterstock

 

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Posted-In: CNBC mad money Lightning Round Jim CramerLong Ideas News Markets Media Trading Ideas

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