Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Stock firebrand Jim Cramer recommends buying Diamondback Energy, Inc. (NASDAQ:FANG).
Last week, Diamondback received stockholder approval for a proposed transaction with Endeavor Energy Resources, L.P.
As for Schlumberger Limited (NYSE:SLB), it did not deliver, according to Cramer.
“I feel terrible,” the “Mad Money Lightning Round” host said. “I like the company very much, but it was weak.”
On April 19, Schlumberger reported a first-quarter 2024 revenue increase of 13% year-over-year to $8.707 billion, beating the consensus of $8.689 billion.
Cramer likes Celsius Holdings, Inc. (NASDAQ:CELH).
On April 4, Celsius announced plans to expand its sales and distribution to France beginning in the fourth quarter.
When asked about Pioneer Natural Resources Company (NYSE:PXD), he said, “I want you to ka-ching, ka-ching.”
On April 23, Stifel analyst Derrick Whitfield maintained Pioneer Natural Resources with a Hold and raised the price target from $237 to $275.
Cramer also likes Palantir Technologies Inc. (NYSE:PLTR).
On April 25, the AI giant inked a multi-year strategic partnership with clinical research organization Parexel to enhance and accelerate the delivery of safe and effective clinical trials for the world's biopharmaceutical customers.
Cramer said The Progressive Corporation (NYSE:PGR) is better than The Travelers Companies, Inc. (NYSE:TRV). “If you want the insurance business, I'm going to say Progressive,” he added.
Price Action:
- Diamondback Energy shares rose 0.3% to settle at $207.76 on Friday.
- Pioneer Natural shares fell 2.3% to close at $268.87 on Friday.
- Palantir shares gained 3.7% to settle at $22.52 on Friday.
- Celsius shares gained 2.1% to settle at $73.16 during Friday's session.
- SLB shares fell 0.5% to close at $49.20 on Friday.
- Travelers shares fell 0.3% to settle at $213.45 during Friday's session.
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