Jim Cramer: Cheesecake Factory Stock Is 'Darn Cheap,' Buying This Tech Stock
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Cheesecake Factory (NASDAQ:CAKE) is “darn cheap.”
Cheesecake Factory will release its first quarter financial results after the closing bell on Wednesday, April 30.
Cramer said no to Occidental Petroleum (NYSE:OXY), adding that it's “one of the worst of the oils.”
Supporting his view, Scotiabank analyst Paul Cheng, on Friday, downgraded Occidental Petroleum from Sector Outperform to Sector Perform and announced a $40 price target.
When asked about Realty Income Corporation (NYSE:O), he said, “I think letter O should be bought into this weakness.”
Realty Income will release its first quarter operating results after the closing bell on May 5.
The Mad Money host said he can't recommend Halliburton Company (NYSE:HAL).
Barclays analyst David Anderson, on March 31, maintained Halliburton with an Equal-Weight rating and lowered the price target from $30 to $29.
Carriage Services, Inc. (NYSE:CSV) is a “very steady” stock, Cramer said.
On Feb. 26, the company posted better-than-expected earnings for its fourth quarter.
Cramer recommended buying Palantir Technologies Inc. (NASDAQ:PLTR).
As per the recent news, Everfox, on March 25, disclosed a strategic partnership with Palantir to enhance joint command and control capabilities.
Price Action:
- Cheesecake Factory shares rose 1.7% to settle at $46.08 on Friday.
- Occidental Petroleum shares gained 3.3% to close at $37.67 during the session.
- Realty Income shares rose 2% to settle at $55.22.
- Halliburton shares gained 4% to close at $21.07 on Friday.
- Carriage Services shares rose 2.3% to settle at $37.78 on Friday.
- Palantir shares slipped 0.1% to close at $88.55.
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