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Jim Cramer Calls This Stock 'An Unbelievable Infrastructure Play': It's Up 43% In Past Year

Published 21/09/2023, 13:32
© Reuters.  Jim Cramer Calls This Stock 'An Unbelievable Infrastructure Play': It's Up 43% In Past Year
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Benzinga - by Priya Nigam, Benzinga Staff Writer.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Carrier Global Corporation (NYSE: CARR) is just an "unbelievable infrastructure play, I think it’s terrific." CARR is up 29% YTD and over 43% in the past year.

Becton, Dickinson and Company (NYSE: BDX) has got "good dividends, they’re a global company, and they’ve got large, institutional investors. And they got great earnings, and I think it’s terrific," Cramer said.

"This has been my favorite, unbelievable," Cramer said when asked about Enterprise Products Partners L.P. (NYSE: EPD). "It has a 7% yield, it’s an incredible pipeline company, I think it’s terrific."

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The "Mad Money" host said Arista Networks, Inc. (NYSE: ANET) reported an "unbelievable quarter, and the answer is, Nittany Lion, absolutely. It’s like a new Penn State quarterback."

When asked about Dutch Bros Inc. (NYSE: BROS), he said, "They are over expanding, they ought to cool it and just slow down. But don’t own the stock."

Price Action: Shares of Dutch Bros fell 2% to close at $24.82, while Arista Networks lost 1.1% to $182.75 on Wednesday. Enterprise Products Partners shares gained 0.8% to settle at $27.21, while Becton, Dickinson gained 0.4% to close at $267.13 on Wednesday. Carrier Global shares slipped 0.04% to settle at $53.83 during the Wednesday’s session.

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Photo: Shutterstock

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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