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Cramer Calls Time on EchoStar: 'The Play Is Over'

MarketDash Editorial Team
1 day ago
CNBC's Jim Cramer delivered his latest rapid-fire stock picks, recommending investors dump Lucid Group and EchoStar while buying ONEOK. StubHub got the cold shoulder for burning through too much cash.

Jim Cramer dispensed his trademark rapid-fire stock advice during CNBC's "Mad Money Lightning Round," and not everyone made the nice list.

First on the chopping block: Lucid Group, Inc. (LCID). Cramer recommended selling the electric vehicle maker, a stance that got some analytical backup from Morgan Stanley. On December 8, analyst Andrew Percoco downgraded Lucid from Equal-Weight to Underweight and slashed the price target from $30 to $10. That's the kind of haircut that makes you wince.

A Rare Buy Recommendation

Not everything drew Cramer's ire, though. ONEOK (OKE) earned a straightforward buy call. The energy company has been delivering where it counts. Back on October 28, ONEOK posted third-quarter earnings of $1.49 per share, topping the analyst consensus of $1.43. Revenue came in at $8.634 billion, beating expectations of $8.530 billion. When you're clearing both the earnings and revenue bars, you tend to catch favorable attention.

EchoStar Gets the Hook

EchoStar Corporation (SATS) didn't fare well in Cramer's assessment. His verdict? Sell. "I think the play is over," he declared, and the numbers back up his pessimism. When EchoStar reported third-quarter results on November 6, things looked rough. Revenue hit $3.61 billion, missing the $3.75 billion estimate and sliding from $3.89 billion in the year-ago quarter. That's not the trajectory you want to see.

StubHub Strikes Out

StubHub Holdings, Inc. (STUB) rounded out Cramer's sell parade. The ticket marketplace is hemorrhaging cash, according to Cramer, who advised investors to keep their distance. Wedbush analyst Scott Devitt seems to share the concern. On Friday, Devitt maintained a Hold rating but lowered his price target from $22 to $18, another sign that expectations are heading south.

How the Stocks Moved

Friday's trading action painted an interesting picture. ONEOK shares dipped just 0.03% to close at $71.67. Lucid Group shares actually climbed 3.2% to finish at $11.82, defying the sell recommendation. EchoStar rose 1.3% to close at $103.91, while StubHub Holdings fell 1.6% to settle at $13.77.

Stock prices don't always cooperate with the pundits, at least not immediately. But Cramer's pattern is clear: he likes companies posting solid fundamentals and beating estimates, while struggling revenue and mounting losses earn you a spot on his avoid list.

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Cramer Calls Time on EchoStar: 'The Play Is Over'

MarketDash Editorial Team
1 day ago
CNBC's Jim Cramer delivered his latest rapid-fire stock picks, recommending investors dump Lucid Group and EchoStar while buying ONEOK. StubHub got the cold shoulder for burning through too much cash.

Jim Cramer dispensed his trademark rapid-fire stock advice during CNBC's "Mad Money Lightning Round," and not everyone made the nice list.

First on the chopping block: Lucid Group, Inc. (LCID). Cramer recommended selling the electric vehicle maker, a stance that got some analytical backup from Morgan Stanley. On December 8, analyst Andrew Percoco downgraded Lucid from Equal-Weight to Underweight and slashed the price target from $30 to $10. That's the kind of haircut that makes you wince.

A Rare Buy Recommendation

Not everything drew Cramer's ire, though. ONEOK (OKE) earned a straightforward buy call. The energy company has been delivering where it counts. Back on October 28, ONEOK posted third-quarter earnings of $1.49 per share, topping the analyst consensus of $1.43. Revenue came in at $8.634 billion, beating expectations of $8.530 billion. When you're clearing both the earnings and revenue bars, you tend to catch favorable attention.

EchoStar Gets the Hook

EchoStar Corporation (SATS) didn't fare well in Cramer's assessment. His verdict? Sell. "I think the play is over," he declared, and the numbers back up his pessimism. When EchoStar reported third-quarter results on November 6, things looked rough. Revenue hit $3.61 billion, missing the $3.75 billion estimate and sliding from $3.89 billion in the year-ago quarter. That's not the trajectory you want to see.

StubHub Strikes Out

StubHub Holdings, Inc. (STUB) rounded out Cramer's sell parade. The ticket marketplace is hemorrhaging cash, according to Cramer, who advised investors to keep their distance. Wedbush analyst Scott Devitt seems to share the concern. On Friday, Devitt maintained a Hold rating but lowered his price target from $22 to $18, another sign that expectations are heading south.

How the Stocks Moved

Friday's trading action painted an interesting picture. ONEOK shares dipped just 0.03% to close at $71.67. Lucid Group shares actually climbed 3.2% to finish at $11.82, defying the sell recommendation. EchoStar rose 1.3% to close at $103.91, while StubHub Holdings fell 1.6% to settle at $13.77.

Stock prices don't always cooperate with the pundits, at least not immediately. But Cramer's pattern is clear: he likes companies posting solid fundamentals and beating estimates, while struggling revenue and mounting losses earn you a spot on his avoid list.

    Cramer Calls Time on EchoStar: 'The Play Is Over' - MarketDash News