Jim Cramer’s Endorsements
On CNBC’s “Mad Money Lightning Round,” Jim Cramer expressed his enduring support for Woodward, Inc. WWD.
Woodward exceeded first-quarter financial forecasts on Monday, reporting adjusted earnings of $1.45 per share, surpassing estimates of $1.10 per share. Quarterly sales amounted to $787.00 million, beating market expectations of $748.29 million, according to data from Benzinga Pro.
Cramer also offered a positive perspective on Simpson Manufacturing Co., Inc. SSD, referring to it as a “good, classic stock to own.”
Expressing uncertainty regarding Super Group (SGHC) Limited SGHC, Cramer endorsed his favorable view of DraftKings Inc. DKNG.
When asked about Starwood Property Trust, Inc. STWD, Cramer contradicted billionaire CEO Barry Sternlicht, who predicted substantial office real estate losses.
Starwood Property Trust will release its fourth quarter and full year 2023 financial results on Feb. 22, 2024.
On the other hand, Cramer was less enthusiastic about Devon Energy Corporation DVN, deeming its stock price as “too low.”
Analysts’ Views and Stock Performance
Following Cramer’s comments, analysts at Raymond James and Piper Sandler maintained their assessments of Devon Energy.
Price Action:
- Shares of Devon Energy fell 3% to close at $42.02 on Wednesday.
- Super Group shares declined 2.5% to $3.13 on Wednesday.
- Simpson Manufacturing shares fell 3.9% to settle at $180.99 during Wednesday’s session.
- Shares of Starwood Property Trust fell 3.2% to close at $20.33 on Wednesday.
- Woodward shares fell 2.6% to settle at $137.77.
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