Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Apple Inc. (NASDAQ:AAPL) is a “buy here.”
Apple's iPhone sales in China increased by 52% year-on-year in April, Reuters cited from industry reports.
When asked about Palantir Technologies Inc. (NYSE:PLTR), he said, “It's very tough to understand what they really do for the government. So, therefore, I am no longer going to say that that's a stock to own.”
On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million.
Axcelis Technologies, Inc. (NASDAQ:ACLS) is a “very good semiconductor that's been left behind,” Cramer said. “I find that very interesting.”
On May 1, Axcelis Technologies posted better-than-expected quarterly results.
When asked about Datadog, Inc. (NASDAQ:DDOG), Cramer said he wants quarterly earnings report from Salesforce (NYSE:CRM) today, as Workday (NASDAQ:WDAY) was “not as good as I'd like.” He added, “If Salesforce is not as good as I'd like, then Datadog's going to go down. Let's hold off for a day.”
On May 15, Needham analyst Mike Cikos reiterated Datadog with a Buy and maintained a $165 price target.
Cramer said Novo Nordisk A/S (NYSE:NVO) is a “good growth” stock, but he likes Eli Lilly and Company (NYSE:LLY) better.
Novo Nordisk disclosed that it retains approximately 60% of the list price of its diabetes and obesity medications, Ozempic and Wegovy, in the U.S. after accounting for rebates and fees paid to intermediaries.
T. Rowe Price Group, Inc. (NASDAQ:TROW) is “such a bargain,” the “Mad Money” host said. “I'd love to join you in owning that one.”
On April 26, T. Rowe Price posted better-than-expected financial results for the first quarter.
Jim Cramer said he needs to do some more work on Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD).
On May 7, Great Lakes Dredge & Docks posted better-than-expected first-quarter financial results.
“This is TV stations, and I just don't care for anything involving linear TV,” Cramer said when asked about TEGNA Inc. (NYSE:TGNA).
On May 8, Tegna posted stronger-than-expected quarterly earnings.
Price Action:
- Datadog shares fell 1.2% to settle at $122.11 on Tuesday.
- T. Rowe Price shares fell 1.6% to close at $116.33.
- Palantir Technologies shares rose 0.2% to settle at $21.05.
- Axcelis Technologies shares gained 3.6% to close at $115.33 on Tuesday.
- Tegna shares gained 0.6% to settle at $14.42.
- Apple shares rose 0.01% to settle at $189.99 on Tuesday.
- Novo Nordisk shares fell 1.4% to settle at $134.08 during Tuesday's session.
- Great Lakes Dredge & Dock shares gained 0.3% to close at $9.23 on Tuesday.
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.