Skip to main content

Market Overview

Cramer Still A 'Big Believer In Robinhood,' Won't Back Down

Share:
Cramer Still A 'Big Believer In Robinhood,' Won't Back Down

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is a “really good” company and “won't quit.”

Supporting his view, B of A Securities analyst Ken Hoexter maintained a Buy rating for Westinghouse Air Brake on Tuesday and raised the price target from $231 to $236.

Cramer said he’s “been a big believer in Robinhood Markets, Inc. (NASDAQ:HOOD) for a long time” and is not changing his view.

Lending support to his choice, Goldman Sachs analyst Will Nance maintained a Buy rating for Robinhood Markets on Monday, increasing the price target from $91 to $104.

Cramer recommended to own Bitcoin (CRYPTO: BTC), when asked about Riot Platforms, Inc. (NASDAQ:RIOT).

Needham analyst John Todaro, meanwhile, on June 17, maintained a Buy rating for Riot Platforms and raised the price target from $12 to $15.

The Mad Money host said he can't recommend DigitalBridge Group, Inc. (NYSE:DBRG). “It's just expensive, ok. And I don't want you in it,” he added.

On the earnings front, DigitalBridge reported mixed results for the first quarter on May 1.

When asked about Schlumberger Limited (NYSE:SLB), he said, “Keep watching, no pull trigger. Why? Because I do not like the oil stocks.”

Susquehanna analyst Bascome Majors, on July 1, maintained a Positive rating for Schlumberger and lowered the price target from $46 to $44.

Price Action:

  • Wabtec shares fell 0.6% to settle at $211.78 on Tuesday.
  • Robinhood shares fell 2.3% to close at $91.27.
  • Riot Platforms shares gained 0.2% to settle at $11.57 on Tuesday.
  • DigitalBridge shares rose 0.5% to close at $10.41.
  • Schlumberger shares gained 4.6% to settle at $36.54 on Tuesday.

Read Next:

Photo: Shutterstock

 

Related Articles ($BTC + DBRG)

View Comments and Join the Discussion!

Posted-In: CNBC mad money Lightning Round Stories That MatterLong Ideas News Markets Media Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com