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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said MicroStrategy Incorporated (NASDAQ:MSTR) is a Bitcoin play and he prefers to actually own it Bitcoin (CRYPTO:BTC).
MicroStrategy announced that it has completed the previously announced offering of its 0% convertible senior notes due 2029. MicroStrategy said the aggregate principal amount of notes sold in the offering was $3 billion, including an aggregate principal amount of $400 million of notes issued pursuant to an option to purchase.
When asked Oscar Health, Inc. (NYSE:OSCR), he said: “Until I saw that Mark Bertolini is the CEO, I didn’t really have much in mind for this. But Bertolini is a winner and a hitter.”
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On Nov. 7, Oscar Health reported a quarterly loss of 22 cents per share, which missed analysts’ consensus estimate of a loss of 19 cents per share. The company reported quarterly revenue of $2.42 billion, which topped analysts’ consensus estimate of $2.34 billion.
CNH Industrial NV (NYSE:CNH) is a “second rater,” Cramer said. “I want to go for the best of breed, and the best of breed is John Deere (NYSE:DE).”
On November 7, CNH Industrial reported worse-than-expected earnings per share for the third quarter and also lowered adjusted earnings per share for FY24.
“The first one, BGS, is a total loser and has been a loser for many, many years,” Cramer said when asked about B&G Foods, Inc. (NYSE:BGS).
On November 5, B&G Foods reported worse-than-expected financial results for the third quarter and issued fiscal year 24 net sales guidance that was below expectations.
When asked Rocket Lab USA, Inc. (NASDAQ:RKLB), he said: “It’s moth to flame, but I don’t know how close the moth is to the flame.”
On November 19, Goldman Sachs analyst Noah Poponak maintained Rocket Lab at a Neutral and raised the price target from $5 to $12.
Price promotion:
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Shares of Oscar Health fell 4.1% to close at $16.31 on Thursday.
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CNH Industrial shares rose 4.6% to close at $11.92.
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Shares of Rocket Lab rose 11.1% to close at $22.41.
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Shares of MicroStrategy fell 16.2% on the session to close at $397.28.
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