Jim Cramer Says This Materials Stock Is A 'Great Spec,' Plus He Recommends Buying Abercrombie & Fitch
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommends buying Abercrombie & Fitch Co. (NYSE:ANF).
Abercrombie & Fitch is scheduled to report its first-quarter earnings on Wednesday. Analysts expect the company to report quarterly earnings at $1.56 per share on revenue of $941.66 million.
Taseko Mines Limited (NYSE:TGB) is a “great spec,” Cramer said. He recommended buying the stock.
On May 2, Taseko Mines posted downbeat first-quarter earnings, while sales topped expectations.
The “Mad Money” host said he is “not a big fan” of Excelerate Energy, Inc. (NYSE:EE).
On May 8, Excelerate Energy posted stronger-than-expected quarterly earnings.
“Winner winner chicken dinner,” Cramer said when asked about Sprouts Farmers Market, Inc. (NASDAQ:SFM). “That's a juggernaut.”
On May 14, Evercore ISI Group analyst Michael Morris maintained Sprouts Farmers Market with an In-Line and raised the price target from $68 to $70.
Cramer said Ecolab Inc. (NYSE:ECL) is “just a winner” and recommended buying the stock.
On April 30, Ecolab reported quarterly adjusted earnings per share of $1.34, which is in line with the Street view. Quarterly sales of $3.752 billion beat the analyst consensus of $3.748 billion.
Price Action:
- Abercrombie & Fitch shares gained 2.9% to settle at $139.61 on Friday.
- Taseko Mines shares gained 9.2% to close at $2.97.
- Excelerate Energy shares gained 0.1% to settle at $18.65 on Friday.
- Sprouts Farmers Market shares rose 1.5% to settle at $78.57.
- Ecolab shares rose 0.4% to close at $233.66 on Friday.
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