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On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes The Home Depot, Inc. (NYSE:HD) and recommended buying the stock.
On Nov. 12, Home Depot beat its third-quarter earnings estimates and lifted its full-year 2024 outlook. HD reported third-quarter sales growth of 6.6% year-over-year to $40.217 billion, beating the consensus estimate of $39.173 billion.
“You got to ring the register on some of that,” Cramer said when asked about SoundHound AI (NASDAQ:SOUN). “At this point, it is a short squeeze and a short squeeze only.”
On Dec. 23, HC Wainwright & Co. analyst Scott Buck maintained SoundHound AI with a Buy and raised the price target from $8 to $26.
Hafnia Limited (NYSE:HAFN) looks “so juicy. Those are stocks that you must avoid,” Cramer said.
On Nov. 27, Hafnia reported better-than-expected third-quarter financial results.
When asked about Cleveland-Cliffs Inc. (NYSE:CLF), he said, “The steel stocks are the worst stocks in the market. And I think that you could buy the stock, and if you're willing to take a point or two down, then I think it's ok. But you have to accept the fact that that's exactly what could occur.”
On Jan. 3, Cleveland-Cliffs named Jane M. Cronin to its Board of Directors, effective immediately.
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