On CNBC's “Mad Money Lightning Round,” Jim Cramer said Realty Income Corporation (NYSE:O) is “going to go higher.”
Lending support to his choice, Realty Income, on May 6, posted better-than-expected earnings for the first quarter.
When asked about Bentley Systems, Incorporated (NYSE:BSY), he said, “That's the kind of software that's being disrupted by artificial intelligence.”
On the earnings front, Bentley Systems reported better-than-expected first-quarter financial results on May 7. Bentley Systems reported quarterly earnings of 38 cents per share, which beat the analyst consensus estimate of 35 cents per share by 5.56%.
The company reported quarterly sales of $424.181 million, which beat the analyst consensus estimate of $419.814 million by 1.04%.
Pool Corporation (NASDAQ:POOL) needs “more housing turnover and we can't get that,” Cramer said.
Stifel analyst W. Andrew Carter, on May 11, maintained Pool with a Hold and lowered the price target from $240 to $210.
Price Action
- Bentley Systems shares fell 2.1% to settle at $32.06 on Wednesday.
- Pool shares rose 1.1% to close at $184.41.
- Realty Income shares fell 0.4% to close at $62.19 on Wednesday.
Photo via Shutterstock
Login to comment