This article presents an overview of Jim Cramer Portfolio: 5 Latest Stocks to Buy. For a detailed overview of such stocks, read our article, Jim Cramer Portfolio: 11 Latest Stocks to Buy.
5. First Solar Inc (NASDAQ:FSLR)
Number of Hedge Fund Investors: 47
When asked about First Solar recently during his program, Cramer said:
“Oh, I like First Solar. It’s actually the only solar other than Nexttracker that I like here.”
Jim Cramer recently talked about Nexttracker and said he likes the company’s “story” and that he’d be buyer of the stock “right here at $52”.
4. Marvell Technology Inc (NASDAQ:MRVL)
Number of Hedge Fund Investors: 53
Jim Cramer was asked about Marvell Technology earlier this month. He said Marvell is in a “very difficult cohort” but the company’s CEO Matthew Murphy told a “great story.” Cramer recommended investors to buy some Marvell shares now and then wait for the stock to come under $60 to buy the rest.”
3. ConocoPhillips (NYSE:COP)
Number of Hedge Fund Investors: 59
Jim Cramer was recently asked by a caller whether he should buy, hold or sell ConocoPhillips (NYSE:COP). Cramer said:
“I want you to hold ConocoPhillips (NYSE:COP).”
Cramer said he likes Chevron and Coterra Energy ( his Charitable Trust owns a stake in the company) too.
2. McKesson Corp (NYSE:MCK)
Number of Hedge Fund Investors: 69
Healthcare services company McKesson is one of the top Jim Cramer stock recommendations. A caller asked Jim Cramer recently whether he should sell McKesson. Cramer replied:
“Oh man, don’t sell McKesson, don’t sell Cencora…..these things are unbelievable. These are the middle people.”
1. Uber Technologies Inc (NYSE:UBER)
Number of Hedge Fund Investors: 129
Jim Cramer was recently asked about his thoughts on Uber. Here’s what he said:
“I like Uber here. I think it’s well below its high.”
Cramer recommended investors to buy some Uber shares now and then buy more when the stock is “a little bit lower.”
As of the end of the fourth quarter of 2023, 129 hedge funds tracked by Insider Monkey had stakes in Uber.
RiverPark Large Growth Fund stated the following regarding Uber Technologies, Inc. (NYSE:UBER) in its fourth quarter 2023 investor letter:
“Uber Technologies, Inc. (NYSE:UBER): UBER was a top contributor in the quarter following better than expected 3Q23 earnings and 4Q23 guidance. Gross bookings of $35.3 billion were up 21% year over year. Mobility gross bookings of $17.9 billion grew 30% over last year driven by a combination of product innovation and driver availability. Delivery gross bookings of $16 billion were up 16% from last year and continued to be strong throughout the quarter. 1Q Adjusted EBITDA of $1.1 billion, up $576 million year over year, was better than management’s guidance of $1 billion, and the company generated $900 million of free cash flow, up from $358 million last year. Management guided to continuing growth in 4Q Gross Bookings (23.5% growth) and Adjusted EBITDA (of $1.2 billion).
UBER remains the undisputed global leader in ride sharing, with a greater than 50% share in every major region in which it operates. The company is also a leader in food delivery, where it is number one or two in the more than 25 countries in which it operates.1 Moreover, after a history of losses, the company is now profitable, delivering expanding margins and substantial free cash flow. We view UBER as more than a ride sharing and food delivery service; we also see it as a global mobility platform with 142 million users (by comparison, Amazon Prime has 200 million members) and the ability to penetrate new markets of on-demand services, such as package and grocery delivery, travel, and hourly worker staffing. Given its $5.2 billion of unrestricted cash and $5.1 billion of investments, the company today has an enterprise value of $128 billion, indicating that UBER trades at 21x our estimates of next year’s free cash flow.”
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