During a recent episode of CNBC’s popular ‘Mad Money’ program, host Jim Cramer offered his quick-fire stock picks in the Lightning Round segment.
Jabil Inc. (JBL)
was the first company on Cramer’s radar, and he didn’t hesitate to recommend buying its stock. He stated, “Jabil is such a good company.” This enthusiasm likely stems from the company’s strong performance in the recent quarter. On September 26th, Jabil announced better-than-expected fourth-quarter financial results, exceeding analyst predictions. They also revealed a $1 billion share buyback program, a move that often indicates strong confidence in the company’s future prospects. Jabil’s fourth-quarter revenue reached $6.96 billion, a 17.7% decrease year-over-year but still beating the analyst consensus estimate of $6.59 billion. Their adjusted earnings per share (EPS) of $2.30 also surpassed the analyst estimate of $2.22.
MeiraGTx Holdings plc (MGTX)
received a more cautious outlook from Cramer. When asked about the company, he advised, “Put it away, speculate. If something great happens, terrific. If not, you won’t even notice.” MeiraGTx is focused on gene therapies, and while the potential for groundbreaking advancements exists, it’s also a high-risk investment. Cramer acknowledged this inherent risk, suggesting that potential investors approach MeiraGTx with a speculative mindset, prepared for the possibility of minimal returns. This cautionary approach stems from the company’s recent topline data release from its clinical bridging study of AAV-GAD for Parkinson’s disease. While the data itself was positive, it is still early in the development process, and the long-term success of the treatment remains uncertain.Finally, Cramer turned his attention to
SoFi Technologies, Inc. (SOFI)
, expressing a positive sentiment. He declared, “SoFi is good.” This optimism is likely fueled by the company’s strong third-quarter earnings report. On October 29th, SoFi announced adjusted sales of $689.445 million, exceeding analyst estimates of $632.328 million. The company also reported third-quarter earnings of 5 cents per share, beating estimates of 4 cents per share. Additionally, SoFi raised its full-year revenue forecast from a range of $2.425 billion to $2.465 billion to a new range of $2.535 billion to $2.55 billion, further surpassing analyst estimates of $2.45 billion. This impressive performance suggests that SoFi is on a strong trajectory.While Cramer’s insights are valuable, it’s important to remember that his opinions are just that – opinions. Investors should conduct their own research and consider their own risk tolerance before making any investment decisions.
