In this article, we discuss 5 Jim Cramer stock picks this week. If you want to see more stocks in this selection, check out 10 Jim Cramer Stock Picks This Week.
5. VICI Properties Inc. (NYSE:VICI)
Upside Potential: 18.16%
Price target: $36.50
VICI Properties Inc. (NYSE:VICI)is a real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality, and entertainment destinations. The company delivered impressive quarterly results with funds from operations of $0.54 a share against the $0.53 a share expected and higher than the $0.48a share delivered last year.
While VICI Properties Inc. (NYSE:VICI) has surpassed expectations over the last four quarters, Cramer believes it is a worthy pick for gaining exposure in the real estate segment. “I’m bullish on that 5% yield, I think it’s a terrific situation,” Cramer said.
The average price target of VICI Properties Inc. (NYSE:VICI) on Wall Street is $36.50, implying an 18.16% upside potential from current levels.
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Follow Vici Properties Inc. (NYSE:VICI)
4. DraftKings Inc. (NASDAQ:DKNG)
Upside Potential: 21.44%
Price target: $35.69
DraftKings Inc. (NASDAQ:DKNG) operates a digital sports entertainment and gaming company that offers multi-channel sports betting and gaming technology. While the stock is up by about 163% for the year, it has pulled back by about 14% in recent months.
According to Cramer, CEO Jason Robins is delivering despite the recent stock pullback. According to the Mad Money host, you want to be in the stock before the football season starts.
The average price target on DraftKings Inc. (NASDAQ:DKNG) is $35.69, implying a 21.44% upside potential from current levels.
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Follow Draftkings Inc.
3. NVIDIA Corporation (NASDAQ:NVDA)
Upside Potential: 24.03%
Price target: $506.72
NVIDIA Corporation (NASDAQ:NVDA) is a company that designs and develops graphics and computer networking solutions. It’s been one of the biggest winners amid the artificial intelligence boom depicted by the stock rallying over 200% and propelling the company to a market cap of over $1 trillion.
While there have been concerns about the stock’s valuation, Cramer believes there is still some significant upside potential given that the AI race is starting and NVIDIA Corporation (NASDAQ:NVDA) is a force to reckon with. The company launching a new AI-tailored chip all but underscores its tremendous potential to dominate the segment for many years to come.
“The more Nvidia chips you buy the more you will save on the rest of your business. No wonder this stock is the year’s biggest winner. Find me another company that can invent something that upends the world as we know it that can impact $50 trillion in heavy industry when you look at it through that lens Nvidia absolutely deserve this 1.1 trillion valuation, if anything this number is too low,” Cramer said.
Likewise, NVIDIA Corporation (NASDAQ:NVDA) commands an average $506.72 a share price target on Wall Street, implying a 24.03% upside potential from current levels.
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Follow Nvidia Corp (NASDAQ:NVDA)
2. Wynn Resorts, Limited (NASDAQ:WYNN)
Upside Potential: 26.02%
Price target: $126.71
Wynn Resorts, Limited (NASDAQ:WYNN) is a company that designs, develops, and operates integrated resorts. Its core business revolves around offering private gaming salons and sky casinos. It also operates a luxury hotel tower. Cramer believes it is a strong buy at current levels as it continues to benefit from a surge in tourism and retail spending in resorts in Las Vegas and Macau.
Wynn Resorts, Limited (NASDAQ:WYNN) is fresh from delivering a net income of $105 million from a loss of $130 million in the same quarter last year. Its revenue was also up by 75% to $1.6 billion. With an average price target of $126.71, Wynn Resorts could rally by 26.02% from current levels.
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Follow Wynn Resorts Ltd (NASDAQ:WYNN)
1. PayPal Holdings, Inc. (NASDAQ:PYPL)
Upside Potential: 41.42%
Price target: $87.03
PayPal Holdings, Inc. (NASDAQ:PYPL) is a financial service company that operates a platform that lets people makes digital payments. It provides payment solutions under the PayPal, PayPal Credit Venmo, and Xoom brands. The stock has underperformed the market as it is down by about 17% year to date.
Amid the underperformance, the company is expanding its footprint into the burgeoning crypto segment, which Cramer believes could be a game changer. The company has launched its Ethereum-based stablecoin backed by US dollars.
With the launch, it is now directly competing with Tether and Circle in sending currencies worldwide on the chain.
“PayPal Holdings, Inc. (NASDAQ:PYPL) had just an okay quarter but to have their stablecoin backed up by treasuries in currencies and actual dollars is very big,” said Cramer.
According to Cramer, PayPal is the stock for anyone looking to gain some exposure in the crypto scene. The average price target on PayPal Holdings, Inc. (NASDAQ:PYPL) is $87.03, implying a 41.42% upside potential from current levels.
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Follow Paypal Holdings Inc. (NASDAQ:PYPL)
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