On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Chevron Corporation (NYSE:CVX). “The one thing I would tell you is the last time oil was at these prices, Chevron was dramatically higher, but you do get a 3.8% yield and they have great cash flow.
Mike Wirth [CEO of Chevron] is running it, and I’m gonna say, pull the trigger,” he added
Chevron reported mixed first-quarter results on May 1, with earnings reflecting ongoing cost pressures and market headwinds across its operations. The company posted earnings of $2.2 billion, or $1.11 per share, down from $3.5 billion a year earlier. Adjusted EPS of $1.41 beat the $0.95 estimate, while revenue of $48.61 billion missed the $52.08 billion estimate. “I’m gonna say that there’s limited downside, but you just should be glad that stocks stop at zero,” Cramer said when asked about GoodRx Holdings, Inc. (NASDAQ:GDRX).
On the earnings front, GoodRx Holdings, on May 6, reported first-quarter earnings of 7 cents per share, which met the analyst consensus estimate. The company reported quarterly sales of $194.006 million, which beat the analyst consensus estimate of $185.137 million. When asked about Vertiv (NYSE:VRT), he said, “I think they’ve got great orders.