Jim Cramer Recommends Buying Five9 (FIVN), Talks Stock Picks and Industrial Performance on CNBC Mad Money
On a recent episode of CNBC “Mad Money Lightning Round,” Jim Cramer gave a strong buy recommendation for Five9, Inc. (FIVN), calling the stock “way too cheap.” As Cramer highlighted the stock’s value, he emphasized its potential despite market fluctuations. Investors are eagerly awaiting Five9’s fourth-quarter and full-year 2024 earnings results, set for Thursday, Feb. 20, which may offer further insights into the company’s financial performance.
Emerson Electric’s Deal with Aspen Technology Surprises Cramer
Jim Cramer shared his thoughts on Emerson Electric Co. (EMR), admitting that he exited the stock too early, missing out on a 20-point gain. Emerson’s recent acquisition of Aspen Technology, Inc. (AZPN) in an all-cash tender offer at $265 per share was a major focus for Cramer. He was particularly surprised by the strength of Aspen Technology’s numbers, signaling confidence in Emerson’s growth strategy.
Oshkosh Corporation Sees Bullish Upgrades
Cramer also weighed in on Oshkosh Corporation (OSK), praising the company as a “great American company” that exceeded expectations with strong financial results. He pointed to recent price target upgrades for Oshkosh, with UBS analyst Steven Fisher raising the target from $125 to $137, and Morgan Stanley analyst Angel Castillo increasing their price target from $98 to $110, reinforcing Cramer’s positive outlook on the stock.
BigBear.AI vs. Palantir Technologies: Cramer’s Picks
When asked about BigBear.AI Holdings, Inc. (BBAI), Cramer expressed hesitance and instead recommended Palantir Technologies Inc. (PLTR). BigBear.AI recently announced it had been awarded a prime indefinite delivery/indefinite quantity contract under the U.S. Department of Navy’s SeaPort Next Generation program, but Cramer’s focus remains on Palantir, which he sees as a stronger long-term investment.
GameStop vs. Take-Two Interactive: Cramer Weighs in on Meme Stocks
Cramer was asked about GameStop Corp. (GME), which has been a prominent meme stock. He was quick to dismiss it, calling it a “meme stock” with too much volatility. Instead, he recommended Take-Two Interactive Software, Inc. (TTWO), a major player in the gaming industry, noting its solid growth prospects.
GameStop Struggling Performance
GameStop recently reported third-quarter net sales of $860.3 million, a decline from the previous year’s $1.08 billion, missing Street consensus estimates of $887.7 million. With these results, GameStop has struggled to regain investor confidence, leading Cramer to advise against investing in the stock.
Jim Cramer’s latest stock recommendations reflect a mix of industrials, tech, and gaming companies, with a focus on long-term potential and growth. As the market reacts to these stock picks, all eyes are on the upcoming earnings reports, acquisitions, and ongoing shifts in key industries.
