Jim Cramer: This Industrial Stock Is A Buy, Recommends Staying Away From Enterprise Software Companies
Avi Kapoor 9 months ago
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On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Banco Santander, S.A. saying it is "terrific."
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Banco Santander, S.A. (NYSE:SAN), saying it is “terrific.”
As per the recent news, Banco Santander, on Jan. 9, sold a 49% stake in Polish subsidiary to Erste Group.
Cramer recommended to stay away from these enterprise software companies, when asked about Datadog, Inc. (NASDAQ:DDOG).
On Monday, Barclays analyst Raimo Lenschow lowered the price target on the stock from $215 to $195, while Keybanc analyst Eric Heath cut the price target from $230 to $170.
“You are in a winner,” Cramer said when asked about Origin Bancorp, Inc. (NYSE:OBK). “I think that you should stay in it, and if it pulls back, I would buy more.”
Origin Bancorp is scheduled to issue fourth-quarter and full-year 2025 results after the market closes on Wednesday, Jan. 28.
Cramer said Cava (NYSE:CAVA) is a buy.
As per the recent news, CAVA named Doug Thompson as COO, effective March 2.
When asked about Royal Gold, Inc. (NASDAQ:RGLD), he said, “Why don't you take a little of the table tomorrow? You'll never regret it, I promise.”
Royal Gold, on Nov. 18, increased its annual dividend from $1.80 per share to $1.90 per share.
Autodesk, Inc. (NASDAQ:ADSK) is “enterprise software. No one wants to touch these companies,” Cramer said.
BTIG analyst Nick Altmann, on Dec. 17, initiated coverage on Autodesk with a Buy rating and announced a price target of $365.
Price Action:
- Banco Santander shares fell 0.9% to settle at $12.11 on Thursday.
- Datadog shares fell 1.3% to close at $120.86 during the session.
- Origin Bancorp shares gained 1.2% to close at $40.48.
- Royal Gold shares gained 2% to settle at $259.15 on Thursday.
- Cava shares gained 2% to close at $72.00.
- Autodesk shares gained 0.4% to close at $262.26 on Thursday.
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