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Jim Cramer Says This Energy Stock Is A Buy: 'It Can Make Money Even At These Levels'

Benzinga ·  Oct 21 20:31

On CNBC's "Mad Money Lightning Round," Jim Cramer recommended buying Coterra Energy (NYSE:CTRA). "It can make money even at these levels," he noted.

On Oct. 10, Scotiabank analyst Paul Cheng maintained Coterra Energy with a Sector Outperform and lowered the price target from $35 to $32.

"It trades with the whole group, and the group is actually trading very, very well," Cramer said when asked about Energy Transfer (NYSE:ET). "You're in good shape with ET."

Energy Transfer will release earnings for the third quarter on Wednesday, Nov. 6, after the closing bell.

"Tim Wentworth [CEO of Walgreens] is really an excellent CEO. The bad news is you're up against Amazon (NASDAQ:AMZN)," Cramer said when asked about Walgreens Boots Alliance, Inc. (NASDAQ:WBA). "I'm a a believer in Tim, I really hope it works. But that is a one tough spot he's got himself in."

On Oct. 15, Walgreens reported fourth-quarter fiscal year 2024 sales of $37.55 billion, up 6% year over year (+6.1% on constant currency), beating the consensus of $35.76 billion, reflecting sales growth across all segments.

The "Mad Money" host said it's going to be a good quarter for Dover (NYSE:DOV). "It's in the data center, that's why we like it," he added.

On Oct. 17, Mizuho analyst Brett Linzey maintained Dover with an Outperform and raised the price target from $200 to $220.

"This is a very tough situation because all of cosmetics are in a downturn that is so staggering that it caught everybody by surprise," Cramer said when asked about e.l.f. Beauty, Inc. (NYSE:ELF).

"I do think that, when they come back, this one will come back faster than all of them," he added.

On Oct. 16, Truist Securities analyst Bill Chappell maintained e.l.f. Beauty with a Buy and lowered the price target from $210 to $130.

Price Action:

  • Energy Transfer shares fell 0.5% to settle at $16.41 on Friday.
  • Walgreens shares gained 1.2% to close at $10.79.
  • Coterra Energy shares fell 1.2% to close at $23.78 on Friday.
  • e.l.f. Beauty shares gained 0.2% to settle at $108.20.
  • Dover shares fell 0.3% to close at $194.38 on Friday.
  • Dow, S&P 500 Settle At Record High Levels, Record 6th Consecutive Week Of Gains: Fear Index Moves To 'Extreme Greed' Zone
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