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On CNBC's “Mad Money Lightning Round,” Jim Cramer said that although Zoom Communications Inc. (NASDAQ:ZM) is a good company, it lacks a catalyst for recommending it. Therefore, he advises, “take a pass."
Zoom Communications will release its financial results for the third quarter on Monday, Nov. 24, after the closing bell.
When it comes to ProFrac Holding Corp. (NASDAQ:ACDC), Cramer put it plainly: “I'm really anti the oils right now.”
The “Mad Money” host says oil stocks are “all going lower… I do not want to touch them.”
Piper Sandler analyst Derek Podhaizer, on Oct. 16, maintained ProFrac with a Neutral and lowered the price target from $6 to $5.
When asked about Viking Therapeutics, Inc. (NASDAQ:VKTX), Cramer recommended owning Eli Lilly and Company (NYSE:LLY) stock instead.
On the earnings front, Viking Therapeutics, on Oct. 22, reported quarterly losses of 81 cents per share which missed the analyst consensus estimate of a loss of 72 cents per share.
When asked about Altria Group, Inc. (NYSE:MO), he said, “I won't recommend it personally, but I can't fight it.”
The company, on Oct. 30, reported third-quarter adjusted earnings per share of $1.45 (up 3.6% year over year), in line with the analyst consensus estimate. Quarterly sales of $6.072 billion (down 3% year over year) outpaced the Street view of $5.309 billion.
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