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On CNBC’s “Mad Money Lightning Round,” host Jim Cramer recommended either Ethereum (CRYPTO: ETH) or Bitcoin (CRYPTO: BTC) for those interested in owning Marathon Digital Holdings, Inc. (NASDAQ: MARA). Cramer emphasized the importance of not hesitating when it comes to potential investments.
JPMorgan analyst Reginald Smith recently maintained Marathon Digital with an Underweight rating but raised the price target, indicating some optimism for the stock’s future performance.
In contrast, Cramer expressed caution regarding Exxon Mobil Corporation (NYSE: XOM), warning against investing in companies experiencing “parabolic moves.” However, Exxon Mobil recently awarded a significant contract to TechnipFMC plc (NYSE: FTI) for its Guyana’s Stabroek Block, potentially signaling growth opportunities for the company.
When it comes to data centers, Cramer suggested looking into Vertiv (NYSE: VRT) or Eaton (NYSE: ETN) instead of traditional power companies. He also expressed approval for NuScale Power Corporation (NYSE: SMR), highlighting the company’s potential in the energy sector.
Despite NuScale Power’s recent sales growth, the stock saw a decline in share price. Similarly, Exxon Mobil and Marathon Digital experienced slight fluctuations in their stock prices following recent developments.
Overall, investors are encouraged to explore the opportunities presented by “triple-threat stocks” and consider the insights shared by industry experts like Tim Melvin and Jim Cramer. With the market constantly evolving, staying informed and making strategic investment decisions is key to success in today’s financial landscape.