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Jim Cramer: VICI Properties Is 'Fine', Recommends Buying This Energy Stock

Benzinga ·  Oct 8 20:52

On CNBC's "Mad Money Lightning Round," Jim Cramer said VICI Properties Inc. (NYSE:VICI) is "fine."

VICI Properties will release its third quarter financial results on Thursday, Oct. 31, after the close of trading on the NYSE.

Cramer said although STMicroelectronics N.V. (NYSE:STM) is fine, but he prefers Micron Technology, Inc. (NASDAQ:MU).

STMicroelectronics said it will release third-quarter earnings before the opening bell on the European Stock Exchanges on Oct. 31.

Cramer said Tetra Tech, Inc. (NASDAQ:TTEK) is "remarkable."

The company recently revealed that the U.S. Army Corps of Engineers (USACE), Omaha District, awarded $249 million, multiple-award contract to provide environmental assessment and design services at facilities and sites throughout the United States.

Crown Castle Inc. (NYSE:CCI) is "just ok. It's not that well-run," Cramer said. "I would not chase the stock."

On Sept. 26, Goldman Sachs analyst Brett Feldman maintained Crown Castle with a Neutral and raised the price target from $105 to $120.

The "Mad Money" host recommended buying Schlumberger Limited (NYSE:SLB) stock right here, adding that it is the "best of breed."

On Oct. 1, SLB announced the joining of forces with ADNOC Drilling and Patterson-UTI to accelerate the UAE's unconventional oil program.

"I am shocked at how low that is," Cramer said when asked about New Fortress Energy Inc. (NYSE:NFE). "I think that you have to stick with it."

Last week, New Fortress Energy announced its CEO made a $50 million stock purchase.

Cramer recommended holding on to Pure Storage, Inc. (NYSE:PSTG).

On Aug. 28, Pure Storage reported quarterly earnings of 44 cents per share, which beat the analyst consensus estimate of 37 cents per share.

Price Action:

  • VICI Properties shares settled at $32.42 on Monday.
  • Pure Storage shares gained 0.2% to close at $51.32.
  • STMicroelectronics shares fell 0.9% to close at $28.18 during the session.
  • Crown Castle shares slipped 0.3% to close at $111.20 during Monday's session.
  • SLB shares gained 0.3% to close at $45.59 on Monday.
  • Tetra tech shares fell 0.7% to close at $48.01.
  • New Fortress Energy shares fell 6.9% to settle at $9.39 on Monday.
  • Top 3 Financials Stocks That May Jump This Quarter
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