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Jim Cramer Wants You To 'Stay Away' From This Energy Corporation: 'I've Got So Many Other Good Oil Companies'

Published 27/10/2023, 13:58
© Reuters.  Jim Cramer Wants You To 'Stay Away' From This Energy Corporation: 'I've Got So Many Other Good Oil Companies'
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Benzinga - by Lisa Levin, Benzinga Editor.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said CVS Health Corporation (NYSE: CVS) is a retailer that has a healthcare business. "It’s not a healthcare business that is a retailer, and retail means theft. I don’t know if you’ve been to a CVS lately, but you know, you got to have that, like, master key to be able to go get some Gillette razor blades. That’s not my way of shopping," he added.

When asked about Exact Sciences Corporation (NASDAQ: EXAS), he said, "I think they’re going to have to start making a lot more money. It’s been a sales story, I like earnings story right now."

Cramer said he likes Canadian Natural Resources Limited (NYSE: CNQ). "I think you got horse sense. I’d be a buyer of that," he added.

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Cramer said that even though he likes SoFi Technologies, Inc. (NASDAQ: SOFI), "it is a bank in the end, even though it’s a membership bank. And banks are all going back down again because we’re fighting the Fed, but I would stay long SoFi."

The "Mad Money" host said he wants to "stay away" from HF Sinclair Corporation (NYSE: DINO). "I’ve got so many other good oil companies," he noted.

Price Action: Shares of HF Sinclair gained 0.6% to close at $54.12, while SoFi fell 2.5% to $6.90 on Thursday. Canadian Natural Resources fell 0.2% to settle at $64.15, while Exact Sciences fell 0.7% to close at $61.38 on Thursday. CVS Health shares fell 0.8% to close at $67.98 during Thursday’s session.

Now Read This: Top 3 Energy Stocks That May Fall Off A Cliff This Month

Photo: Shutterstock

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

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