On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying CMS Energy Corporation (NYSE:CMS). “I think it’s fine, it’s good,” he added.
Supporting his choice, CMS Energy, on July 31, posted better-than-expected earnings for the second quarter.
Cramer said Ramaco Resources, Inc. (NASDAQ:METC) has gone up so much, and recommended waiting for a “little bit of a pullback.”
Jefferies analyst Chris LaFemina, on Sept. 18, maintained Ramaco Resources with a Buy and raised the price target from $27 to $45.
“I don’t think it’s that bad,” Cramer said when asked about Accenture plc (NYSE:ACN). “I’m willing to pull the trigger.”
As per the recent news, Accenture, on Sept. 9, disclosed that it has acquired IAMConcepts, a privately held Canadian company specializing in identity and access management services.
Cramer said he likes Okta, Inc. (NASDAQ:OKTA). “I got to send you over to PANW,” he added.
On the earnings front, Okta, on Aug. 26, reported second-quarter revenue of $728 million, beating analyst estimates of $712.01 million, according to Benzinga Pro. The cloud-native cybersecurity company reported second-quarter adjusted earnings of 91 cents per share, beating analyst estimates of 84 cents per share.
When asked about Rocket Companies, Inc. (NYSE:RKT), he said, “I would much rather see you be in Wells.”
On Sept. 4, Rocket and the Bank of Montreal extended and expanded the existing Master Repurchase Agreement.
Price Action:
- CMS Energy shares fell 0.1% to settle at $70.12 on Friday.
- Ramaco Resources shares fell 1.6% to close at $30.42.
- Accenture shares rose 0.1% to settle at $239.70 on Friday.
- Okta shares fell 0.3% to $93.37 during the session.
- Rocket Companies shares fell 3% to close at $20.51.
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