On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Arthur J. Gallagher & Co. AJG is just a “solid” company. “Sometimes stocks are just kind of just quietly going up, and that’s one of them,” he added.
As per the recent news, Arthur J. Gallagher, on Monday, announced it has acquired the remaining shares of Philippines-based Philpacific Insurance Brokers & Managers, Inc., or Philinsure.
“I’m not going to repeat my bullishness on it. Would be a mistake,” Cramer said when asked about Nu Holdings Ltd. NU.
As per the recent earnings report, Nu, on Feb. 20, said it added 4.5 million customers in the fourth quarter, bringing total global customers up to 114.2 million as of Dec. 31, up 22% year-over-year.
Waste Management, Inc. WM is “fantastic,” the Mad Money host said.
Supporting his view, CIBC, on March 5, raised the price target on the stock from $227 to $247.
When asked about fuboTV Inc. FUBO, he said, “I’m going to have to say ix-nay.”
On Feb. 28, FuboTV reported earnings for the fourth quarter of 2024. Revenue of the sports-first live TV streaming platform grew 8.1% year over year to $443.277 million, marginally missing the analyst consensus estimate of $445.798 million.
AllianceBernstein Holding L.P. AB is just a “great” company, Cramer said, “All systems go there.”
On Feb. 24, Equitable Holdings Inc EQH announced a cash tender offer for up to 46 million units of AllianceBernstein at $38.50 per unit.
Occidental Petroleum Corporation OXY has “got a lot of debt, and it’s just not that great,” Cramer said, “Get a better oil.”
Supporting his view, Raymond James analyst John Freeman, on Monday, downgraded Occidental Petroleum from Strong Buy to Outperform and lowered the price target from $81 to $64.
Cramer said he needs to do some work on Western Digital Corporation WDC.
Cantor Fitzgerald analyst Matthew Prisco, on March 7, maintained Western Digital with an Overweight rating and lowered the price target from $95 to $65.
When asked about Applied Materials, Inc. AMAT, he said, “I’ve got to tell you, capital equipment is so tied up with China that I can’t just get behind it anymore, even though I love these companies.”
On Monday, Applied Materials announced that its board of directors had approved a 15% increase in the quarterly cash dividend, marking eight consecutive years of higher dividends. The Board also approved a new share repurchase to buy back an additional $10 billion of its shares over time.
Price Action:
- Arthur J. Gallagher shares fell 0.2% to settle at $325.08 on Wednesday.
- Nu Holdings shares gained 2.7% to close at $10.89 during the session.
- Waste Management shares fell 0.6% to settle at $222.86.
- Applied Materials shares gained 1.4% to close at $149.06.
- Fubotv shares gained 0.3% to close at $3.10 on Wednesday.
- AllianceBernstein shares settled at $36.87.
- Occidental Petroleum shares fell 0.4% to close at $46.10.
- Western Digital shares rose 2.8% to close at $42.96 on Wednesday.
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