Why Jim Cramer Says 'Pull The Trigger' On Chevron
Chevron CVX | 0.00 | |
Goodrx GDRX | 0.00 | |
Sterling STRL | 0.00 | |
VERTIV HOLDINGS LLC VRT | 0.00 |
On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Chevron Corporation (NYSE:CVX). “The one thing I would tell you is the last time oil was at these prices, Chevron was dramatically higher, but you do get a 3.8% yield and they have great cash flow. Mike Wirth [CEO of Chevron] is running it, and I'm gonna say, pull the trigger,” he added.
Chevron reported mixed first-quarter results on May 1, with earnings reflecting ongoing cost pressures and market headwinds across its operations. The company posted earnings of $2.2 billion, or $1.11 per share, down from $3.5 billion a year earlier. Adjusted EPS of $1.41 beat the $0.95 estimate, while revenue of $48.61 billion missed the $52.08 billion estimate.
“I'm gonna say that there's limited downside, but you just should be glad that stocks stop at zero," Cramer said when asked about GoodRx Holdings, Inc. (NASDAQ:GDRX).
On the earnings front, GoodRx Holdings, on May 6, reported first-quarter earnings of 7 cents per share, which met the analyst consensus estimate. The company reported quarterly sales of $194.006 million, which beat the analyst consensus estimate of $185.137 million.
When asked about Vertiv (NYSE:VRT), he said, “I think they've got great orders. I think if you want to put a position on, you buy half, and then you wait for it to decline. If it doesn't decline, that's too bad, because the stock is just a tiger right now, and I don't want you to get burned.”
Evercore ISI Group analyst Amit Daryanani, on Tuesday, maintained Vertiv with an Outperform rating and raised the price target from $350 to $425.
Cramer said Sterling Infrastructure (NASDAQ:STRL) can't be bought here. “I just can't put you in that stock after it just had a 52% move. That'd be irresponsible,” he added.
Sterling Infrastructure reported better-than-expected first-quarter financial results on May 4 and raised its FY26 guidance above estimates.
Price Action:
- GoodRx shares dipped 5.3% to settle at $2.69 on Tuesday.
- Chevron shares rose 0.7% to close at $185.95.
- Vertiv shares fell 0.2% to settle at $367.13 during the session.
- Sterling Infrastructure shares declined 1.9% to settle at $851.35 on Tuesday.
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