Jim Cramer Recommends Microsoft, Praises American Water Works For Being 'Consistent'
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Microsoft Corporation MSFT.
On Oct. 30, Microsoft reported first-quarter revenue of $65.60 billion, up 16% year-over-year. The total beat a Street consensus estimate of $64.51 billion according to data from Benzinga Pro. The company reported first-quarter earnings per share of $3.30, beating a Street consensus estimate of $3.09 per share.
The “Mad Money” host also praised American Water Works Company, Inc. AWK, calling it “consistent.”
On Oct. 30, American Water Works posted mixed results for the third quarter.
When asked about Amazon.com, Inc. AMZN, he said, “These guys are doing so many things right.”
Amazon.com recently confirmed a vendor data breach exposing employee contact information, linking the company to the widening MOVEit hack.
When asked about FS KKR Capital Corp. FSK, he said, “I do think that overtime you’re going to wish that you did start peeling some.”
On Nov. 13, FSK priced public offering of $600 million 6.125% unsecured notes due 2030.
Broadcom Inc. AVGO is doing “very, very well,” Cramer said.
Broadcom will report its fourth quarter and fiscal year 2024 financial results and business outlook on Thursday, Dec, 12, after the closing bell.
When asked about Trump Media & Technology Group Corp. DJT, he said, “This thing is a very hard stock to value.”
On Nov. 5, Trump Media & Technology reported a quarterly loss of 10 cents per share, versus a year-ago loss of 30 cents per share.
Cramer said that he was surprised that SoundHound AI, Inc. SOUN stock got as “crushed” as it did as the quarter wasn’t “nearly that bad.”
On Nov. 12, SoundHound reported third-quarter revenue of $25.1 million, beating the consensus estimate of $23.02 million. The company reported an adjusted loss of six cents per share, beating analyst estimates for a loss of seven cents per share, according to Benzinga Pro.
Price Action:
- American Water Works shares rose 0.01% to settle at $132.44 on Wednesday.
- Amazon shares gained 2.5% to close at $214.10.
- SoundHound AI shares dipped 17.1% to settle at $6.27 during the session.
- Microsoft shares rose 0.5% to close at $425.20 on Wednesday.
- Broadcom shares fell 1.5% to settle at $173.58 during the session.
- Trump Media shares fell 5.1% to close at $28.93 on Wednesday.
- FS KKR Capital shares gained 0.7% to settle at $21.15.
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