Jim Cramer Just Revealed 1 Oil Stock He Actually Wants To Own
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Marathon Petroleum Corporation (NYSE:MPC) “very, very much,” adding that it is one of the few stocks in that group that he actually wants to own.
Supporting his view, the company, on May 6, posted first-quarter total revenues and other income of $31.85 billion topping the consensus of $29.58 billion. Adjusted EPS loss stood at $(0.24), down from $2.58 a year earlier, beating the analyst consensus estimate of $(0.53).
Cramer said, “I have seen these speculative stocks go up and up, and I'm not going to make you sell Aurora Innovation (NASDAQ:AUR) when a headline would cause that stock to double.”
On the earnings front, Aurora Innovation, on May 8, posted a first-quarter GAAP loss of 12 cents per share, in line with estimates.
Cramer said he is going with Brad Jacobs [Chairperson of QXO], when asked about QXO, Inc. (NYSE:QXO).
QXO, on June 20, proposed to acquire GMS for $95.20 per share in cash.
The Mad Money host said he likes Toast (NYSE:TOST), adding, “You got a good one there.”
Lending support to his choice, Truist Securities analyst Matthew Coad initiated coverage on Toast on June 2 with a Buy rating and announced a price target of $48.
Price Action:
- Marathon Petroleum shares rose 1.1% to settle at $167.52 on Thursday.
- Aurora Innovation shares gained 2.1% to close at $5.40.
- QXO gained 1.4% to settle at $24.12 on Thursday.
- Toast shares gained 2.4% to close at $42.49.
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