Jim Cramer is Recommending These 5 Stocks Heading Into May 2024.

3. Cheniere Energy Inc (NYSE:LNG)

Number of Hedge Fund Investors: 64

A caller asked Jim Cramer about his approval for buying Cheniere. Cramer gave his “blessing” to the caller for Cheniere and said he believes because the President has decided to “put hold on things for others, this guy is a winner.”

“So, let’s buy it.”

TimesSquare Capital U.S. Mid Cap Growth Strategy stated the following regarding Cheniere Energy, Inc. (NYSE:LNG) in its fourth quarter 2023 investor letter:

“We often see the ebb and flow of the Energy sector tied to underlying commodity prices. In this area, we seek low-cost exploration & production companies with high-yielding acreage or specialized service providers. Cheniere Energy, Inc. (NYSE:LNG) operates liquefied natural gas terminals in Louisiana and Texas. Third quarter results were solid with lower than anticipated levels of expected capital expenditures, and management maintained full year guidance. Its shares edged forward by 3% on this report.”