The Tale of Exciting Heights and Disappointing Depths
On the latest episode of “Mad Money Lightning Round,” the ever-entertaining Jim Cramer shared his musings on various stocks, shedding light on some hidden gems and warning investors away from potential pitfalls.
Sprout Social: A Bright Spot
While acknowledging that Sprout Social, Inc. (SPT) finds itself perched in a “hot spot,” Cramer expressed caution due to the company’s lack of profitability. Nevertheless, with whispers of a potential earnings breakout, Cramer advised keeping an eye on this dynamic player in the social media landscape, especially following the company’s stellar fourth-quarter sales results.
MannKind Corporation: A Slow Burn
In contrast, Cramer approached MannKind Corporation (MNKD) with a more skeptical eye, despite the company’s recent positive sales performance. He maintained a wait-and-see approach, wary of potential pitfalls in this long-standing entity.
Riot Platforms: A Deflection to the Cryptoverse
When the conversation shifted towards Riot Platforms, Inc. (RIOT), Cramer diverted attention towards the stability of Bitcoin or the anticipated Ethereum ETF, expressing a preference for these cryptocurrency assets over Riot Platforms itself, particularly following the company’s operational updates.
Transocean Ltd.: A Deep Dive into Rough Waters
Cramer was less forgiving when discussing Transocean Ltd. (RIG), labeling it as “too down and out.” Instead, Cramer recommended looking towards more resilient options in the industry, such as SLB or Halliburton, urging caution when considering investments in this sector.
Reflecting on Transocean’s recent financials, Cramer highlighted the company’s history of aggressive expansion, leading to a narrower-than-expected quarterly loss. Despite past missteps, Cramer noted a shift in strategy that might position the company more favorably for future growth.
The Aftermath: Stormy Weather for SoFi Technologies
Cramer shared his dismay regarding SoFi Technologies, Inc. (SOFI), citing a recent stock plummet following a convertible senior note offering. Nevertheless, despite the setbacks, Cramer maintained his faith in the company’s potential, even as SoFi priced its private offering of convertible senior notes.
Market Reactions
- Sprout Social: -0.2% to close at $58.96
- MannKind: +7.3% to close at $5.15
- Riot Platforms: -1.2% to settle at $11.97
- Dutch Bros: -0.5% to settle at $29.92
- Transocean: +0.2% to close at $5.15
- SoFi Technologies: +1% to settle at $7.47
