Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Bank of America Corporation (NYSE: BAC) and it’s a very inexpensive stock. "It’s doing well, 10 times earnings. You’re not going to get it to 20 times earnings, it is going to go up over time. It yields almost 3%," he added.
On Jan. 12, Bank of America reported a fourth-quarter FY23 adjusted net income of $5.9 billion. Adjusted EPS for the quarter was 70 cents, beating the consensus of 68 cents.
When asked about TransMedics Group, Inc. (NASDAQ: TMDX), he said, "Organ transplants are incredibly important, I think these guys are doing very well."
On Feb. 26, TransMedics Group reported revenue of $81.2 million in the fourth quarter of 2023, up 159% Y/Y, beating the consensus of $68.51 million.
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The "Mad Money" host recommended buying Wayfair Inc. (NYSE: W).
On Feb. 22, Wayfair reported a fourth-quarter adjusted loss per share of 11 cents, narrower than the Wall Street view for a loss of 16 cents.
"I’m ok" with WESCO International, Inc. (NYSE: WCC), Cramer said.
On Feb. 23, the company inked a pact to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, for a purchase price of $350 million.
Price Action:
- Shares of Wayfair rose 0.6% to close at $57.69 on Wednesday.
- TransMedics shares declined 7.6% to close at $82.00 on Wednesday.
- Bank of America shares gained 0.1% to settle at $34.31.
- Wesco shares rose 1.2% to settle at $146.04 on Wednesday.
Image: Pixabay
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