On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Energy Transfer LP (NYSE:ET), calling it “terrific.”
Supporting his choice, Stifel analyst Robert Hodges reinstated Energy Transfer with a Buy rating on Sept. 10 and set a $25 price target.
When asked about SentinelOne, Inc. (NYSE:S), Cramer said his charitable trust already owns both Palo Alto Networks, Inc. (NASDAQ:PANW) and CrowdStrike Holdings, Inc. (NASDAQ:CRWD), adding that either one is superior.
SentinelOne stock rose sharply on Monday as a market-wide pivot toward software safety, threat defense and artificial intelligence governance lifted cybersecurity names.
Cramer recommended waiting until Corning Incorporated (NYSE:GLW) falls further.
In recent news, Corning, on Friday, entered into an equity distribution agreement with Goldman Sachs to sell up to $2 billion of common stock through an at-the-market program.
Gemini Space Station, Inc. (NASDAQ:GEMI) is a crypto play and is really down way too low, Cramer said. “I would keep it as your spec.”
Goldman Sachs analyst James Yaro, on Sept. 9, maintained a Sell rating on Gemini Space Station and raised the price target from $3.5 to $4.
“They have a good model. They remind me of Hinge Health (NYSE:HNGE), not exactly, but just this kind of discreet, good model will make money, and I think you’re right and you should hold on to it,” Cramer said when asked about Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH).
JPMorgan analyst Benjamin Rossi, on Monday, maintained Aveanna Healthcare with a Neutral and raised the price target from $8 to $15.
Cramer said Reformation Inc. (NYSE:REF) is doing “too well. It should be higher than it is, but I don’t want to make a snap judgment because apparel has been so weak lately. So, we will come back.”
Supporting his view, Reformation posted better-than-expected second-quarter results on Sept. 10.
“Neri [President and CEO of HPE] is good,” Cramer said when asked about Hewlett Packard Enterprise Company (NYSE:HPE). “The fact is I’m just a Dell (NYSE:DELL) fan, I guess. In the end, I just like Michael Dell [CEO of Dell], and I like his company very much. No offense to Mr. Neri.”
Evercore ISI Group analyst Amit Daryanani downgraded HPE from Outperform to In-Line on Monday and maintained the price target of $65.
Price Action
- SentinelOne shares gained 14.5% to settle at $22.61 on Monday.
- Gemini Space shares jumped 7.9% to close at $4.81 during the session.
- Aveanna Healthcare gained 2.1% to settle at $14.38 on Monday.
- Energy Transfer shares fell 0.3% to close at $21.49.
- Corning shares dipped 13.7% to settle at $143.60 on Monday.
- Reformation shares gained 3.4% to close at $14.51.
- HPE shares dipped 10.8% to settle at $55.41 on Monday.
See More: Top Value Stocks
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