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Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: 'Let's Not Fool Around'

Published 18/04/2024, 14:25
© Reuters.  Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: 'Let's Not Fool Around'

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

On CNBC’s "Mad Money Lightning Round," Jim Cramer recommended buying either Ethereum (CRYPTO: ETH) or buy Bitcoin (CRYPTO: BTC), in case you want to own Marathon Digital Holdings, Inc. (NASDAQ: MARA). "Let’s not fool around," he added.

On April 10, JPMorgan analyst Reginald Smith maintained Marathon Digital with an Underweight and raised the price target from $16 to $16.50.

When asked about Exxon Mobil Corporation (NYSE: XOM), he said, "Parabolic move, my friend. We don’t like parabolic moves, that’s a very good example."

On April 15, Exxon Mobil awarded a large contract to TechnipFMC plc (NYSE: FTI) for its Guyana’s Stabroek Block. TechnipFMC will supply subsea production systems for the Whiptail project.

"When it comes to data centers, I am inclined to say that no power company is going to make money off of it. Better to buy Vertiv (NYSE: VRT) or Eaton (NYSE: ETN)."

"That’s the way to do it," the "Mad Money" host said when asked about NuScale Power Corporation (NYSE: SMR).

On March 14, NuScale Power reported fourth-quarter FY23 sales growth of 35.3% year-on-year to $4.60 million, missing the analyst consensus estimate of $9.975 million.

Price Action:

  • Exxon Mobil shares fell 0.1% to settle at $118.63 on Wednesday.
  • Marathon Digital shares gained 0.2% to close at $14.63 on Wednesday.
  • NuScale Power shares fell 0.8% to settle at $4.93 during Wednesday’s session.

Image: Canva

© 2024 Benzinga does not provide investment advice. All rights reserved.

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