Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Dell Technologies Inc. (NYSE:DELL). “That’s a good stock to own,” he noted.
On April 23, the Round Rock, Texas-based company also said it is expanding its edge partner ecosystem with Hyundai AutoEver and Intel.
When asked about Ford Motor Company (NYSE:F), Cramer said, “We need a buyback from Ford. Until we get a buyback from Ford, we ain’t getting nothing.”
Ford is recalling 242,669 units of its Maverick vehicles as the rear tail lights might not work.
Okta, Inc. (NASDAQ:OKTA) is “terrific,” Cramer said.
Okta will release its financial results for its first quarter fiscal year 2025 ended April 30, 2024 after the closing bell on Wednesday, May 29.
Indeed, deep-pocketed investors have adopted a bullish approach towards Okta. Benzinga recently tracked public options records for the company, unveiling a substantial move that indicates something big is about to happen.
The “Mad Money” host recommended buying more Nextracker Inc. (NASDAQ:NXT). “I would not mess around,” he added.
Nextracker is scheduled to announce its fourth quarter fiscal 2024 and full-year financial results after the closing bell on Tuesday, May 14.
“You’ve got to ring the register there,” Cramer said when asked about Matterport, Inc. (NASDAQ:MTTR). “You’re a winner.”
Matterport recently said it will no longer hold its first quarter results conference call originally scheduled for Monday, May 6, following definitive agreement to be acquired by CoStar Group.
Price Action:
- Matterport shares fell 2% to settle at $4.51 on Wednesday.
- Ford shares gained 0.3% to close at $12.20.
- Nextracker shares rose 0.2% to close at $42.87 on Wednesday.
- Dell shares fell 4.7% to settle at $118.78 on Wednesday.
- Okta shares rose 0.4% to settle at $93.34 during Wednesday's session.
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