Cramer's Hot Stock Picks: Monster Beverage and More Stocks

Jim Cramer's Stock Insights
During a recent episode of CNBC's "Mad Money Lightning Round," host Jim Cramer shared his enthusiasm for Okta, Inc., emphasizing that he wants to increase his holdings in the stock. This comes following Okta's stellar earnings report, in which the company posted first-quarter revenue of $688 million, surpassing analyst expectations of $680.25 million. Additionally, Okta reported adjusted earnings of 86 cents per share, beating the anticipated 77 cents per share, showcasing strong financial performance.
Market Performance Overview
As Cramer highlighted the positives of Okta, he also expressed skepticism regarding Nebius Group N.V. Cramer mentioned that he does not trust this stock at the moment, despite DA Davidson analyst Alex Platt maintaining a Buy rating and raising the price target from $50 to $55 on June 16.
Sweetgreen's Struggles
When discussing Sweetgreen, Inc., which has seen a staggering decline of 57%, Cramer was particularly critical, pointing out that the company is currently not profitable. JP Morgan analyst Rahul Krotthapalli echoed this sentiment on June 25, maintaining a Neutral rating on Sweetgreen and lowering its price target from $20 to $16.
Monster Beverage's Rising Profile
Among the stocks Cramer praised was Monster Beverage Corp., calling it a "smoking hot stock." This enthusiasm is shared by Wells Fargo analyst Chris Carey, who recently maintained an Overweight rating for Monster Beverage and increased its price target from $67 to $70. With robust sales figures and continued growth in its market, Monster Beverage remains a top pick for investors looking for reliable growth stocks.
Buying McDonald's Corporation
Cramer also highlighted McDonald's Corporation as a stock to buy, stating, "I've been saying that you must own McDonald's here." The fast-food giant has made recent headlines following its decision to end its partnership with Krispy Kreme Inc. due to profitability concerns. Their U.S. doughnut partnership is set to conclude on July 2, 2025.
Recent Stock Actions
Market actions surrounding these stocks included:
- Nebius shares dropped by 1.4%, closing at $51.84.
- Sweetgreen stocks fell by 0.4%, ending at $13.59.
- McDonald's saw a gain of 2.1%, settling at $291.55.
- Monster Beverage decreased by 0.8%, finishing at $61.71.
- Okta shares marginally increased by 0.3%, closing at $98.43.
Conclusion on Investment Strategy
Cramer’s insights reinforce his role as a market influencer, guiding investors towards key stocks like Monster Beverage and OKTA while also cautioning against those with declining performance like Sweetgreen and Nebius Group. As the market evolves, these stock recommendations serve as important cues for investors looking to navigate their portfolios effectively.
Frequently Asked Questions
What did Cramer say about Okta?
Cramer recommended that investors buy Okta, highlighting its impressive earnings report and growth potential.
Why is Sweetgreen considered a struggling stock?
Sweetgreen's stock has declined 57%, and the company is currently not profitable, leading analysts to lower their price target.
What are analysts saying about Monster Beverage?
Analysts maintain a positive outlook on Monster Beverage, with Wells Fargo raising its price target and Cramer calling it a 'smoking hot stock.'
What partnership is McDonald's ending?
McDonald's is ending its partnership with Krispy Kreme over profitability concerns, set to conclude in July 2025.
How did other stocks perform recently?
Stocks like Nebius, Sweetgreen, and McDonald's saw varied results, with notable changes in their prices reflecting market trends.
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