Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen

Benzinga
04 Jun

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said QXO, Inc. (NYSE:QXO) can go higher. “Because it's Brad Jacobs [Chairperson of QXO]. He will not let it stay down here,” he added.

As per recent news, QXO filed for the resale of 67.5 million shares of common stock by the selling stockholders on May 29.

Gentex Corporation (NASDAQ:GNTX) is a very good company, Cramer said. “I cannot believe how low it's gotten,” he added.

Lending support to his choice, the company reported quarterly earnings per share of 42 cents on April 25, in line with the analyst consensus estimate. Revenues of $576.8 million (down 2% year over year) outpaced the street view of $571.97 million.

Don't Miss:

  • Start investing with eToro's CopyTrader — mirror top-performing traders with no management fees, and receive a $10 bonus when you deposit $100 today.
  • Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.

Cramer said although Energy Transfer LP (NYSE:ET) is an “absolutely terrific” company, he prefers ONEOK, Inc. (NYSE:OKE) more.

On the earnings front, Energy Transfer reported quarterly earnings of 36 cents per share on May 6, which missed the analyst consensus estimate of 37 cents per share. The company reported quarterly sales of $21.02 billion, which also missed the analyst consensus estimate of $21.54 billion.

When asked about The Trade Desk, Inc. (NASDAQ:TTD), he said, “I should have told people to pull the trigger after that one unfortunate quarter that Jeff Green had.”

Trade Desk, on May 8, reported quarterly earnings of 33 cents per share, which beat the analyst consensus estimate of 25 cents. Quarterly revenue clocked in at $616.02 million, which beat the consensus estimate of $584.27 million and represents a 25.4% increase over revenue of $491.25 million from the same period last year.

Read Next:

  • Nancy Pelosi Invested $5 Million In An AI Company Last Year — Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.
  • Invest Where It Hurts — And Help Millions Heal: Invest in Cytonics and help disrupt a $390B Big Pharma stronghold.

Image created using photos from Shutterstock.

This article Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen originally appeared on Benzinga.com

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10