PayPal Holdings, Inc. (NASDAQ:PYPL) is a buy, according to CNBC's Jim Cramer.
On Monday, PayPal disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:SHOP) in the U.S.
Per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
Cramer, on the latest "Mad Money Lightning Round," said Rivian (NASDAQ:RIVN) has "got the money to be able to make it. That doesn't mean that the stock is a buy, it does mean they're going to make it. So, I would say you've got to let it percolate. But it's not anytime soon."
The recent $5 billion deal between Volkswagen (OTC:VWAGY) and U.S. electric vehicle start-up Rivian Automotive has reportedly stirred up discontent among employees at the German automaker's software division Cariad.
"I think you're fine," Cramer said when asked about The Southern Company (NYSE:SO). "Let's say it's a baby growth story."
On Aug. 29, Bank of America Securities analyst Julien Dumoulin-Smith maintained Southern with a Neutral and raised the price target from $86 to $87.
The Mad Money host said he is concerned about CVS Health Corporation (NYSE:CVS). "Let's just keep it on ice for the moment," he added.
On Sept. 10, Cantor Fitzgerald analyst Sarah James reiterated CVS Health with a Neutral and maintained a $62 price target.
The Home Depot, Inc. (NYSE:HD) is "good," Cramer said.
On Aug. 13, HD reported second-quarter 2024 sales growth of 0.6% year-over-year to $43.175 billion, marginally missing the consensus estimate of $43.376 billion. Adjusted EPS was $4.67 (-0.2% year over year), beating the consensus of $4.50.
Cramer said he doesn't have anything to say about Palantir Technologies Inc. (NYSE:PLTR), adding that it is a "cold stock."
On Sept. 6, S&P Dow Jones Indices announced that Palantir Technologies will be added to the S&P 500 Index, effective prior to the start of trading on Sept. 23.
Cramer said he is a buyer of Energy Transfer LP (NYSE:ET).
On Aug. 9, Energy Transfer announced a secondary public offering of 38,755,996 of its common units.
Price Action:
- PayPal shares rose 0.7% to settle at $69.35 on Wednesday.
- Rivian shares rose 5.3% to close at $13.93 during Wednesday's session.
- Palantir shares gained 0.3% to settle at $34.85.
- Energy Transfer shares rose 0.3% to close at $15.87.
- Southern shares fell 1% to close at $88.77 during Wednesday's session.
- CVS fell 1.5% to settle at $56.11 during the session.
- Home Depot shares fell 0.1% to close at $370.49 on Wednesday.
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