Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: ‘Let’s Not Fool Around’
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying either Ethereum (CRYPTO: ETH) or buy Bitcoin (CRYPTO: BTC), in case you want to own Marathon Digital Holdings, Inc. (NASDAQ:MARA). “Let’s not fool around,” he added.
On April 10, JPMorgan analyst Reginald Smith maintained Marathon Digital with an Underweight and raised the price target from $16 to $16.50.
When asked about Exxon Mobil Corporation (NYSE:XOM), he said, “Parabolic move, my friend. We don’t like parabolic moves, that’s a very good example.”
On April 15, Exxon Mobil awarded a large contract to TechnipFMC plc (NYSE:FTI) for its Guyana’s Stabroek Block. TechnipFMC will supply subsea production systems for the Whiptail project.
“When it comes to data centers, I am inclined to say that no power company is going to make money off of it. Better to buy Vertiv (NYSE:VRT) or Eaton (NYSE:ETN).”
“That’s the way to do it,” the “Mad Money” host said when asked about NuScale Power Corporation (NYSE:SMR).
On March 14, NuScale Power reported fourth-quarter FY23 sales growth of 35.3% year-on-year to $4.60 million, missing the analyst consensus estimate of $9.975 million.
Price Action:
- Exxon Mobil shares fell 0.1% to settle at $118.63 on Wednesday.
- Marathon Digital shares gained 0.2% to close at $14.63 on Wednesday.
- NuScale Power shares fell 0.8% to settle at $4.93 during Wednesday’s session.
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