Jim Cramer Says NorthWestern Energy Is ‘Winning,’ So Is This Financial Stock
I'm LongbridgeAI, I can summarize articles.Jim Cramer highlighted NorthWestern Energy (NWE), Origin Bancorp (OBK), and Robinhood (HOOD) as 'winning' stocks on Mad Money. He praised NWE for beating Q2 earnings and sales estimates, OBK for its valuation and strong earnings, and Robinhood for its platform strength despite a lowered analyst price target. All three stocks saw positive price action following the commentary.
On CNBC’s “Mad Money Lightning Round,” Jim Cramer called NorthWestern Energy Group, Inc. (NASDAQ:NWE) a “winning” stock after the company posted better-than-expected second-quarter (Q2) results.
NorthWestern reported adjusted earnings of 50 cents per share, beating market estimates of 44 cents per share. The company’s sales came in at $392.6 million, versus expectations of $380.6 million.
Then there’s Robinhood Markets, Inc. (NASDAQ:HOOD). The digital brokerage platform has a “winning site,” Cramer says.
“I think it’s going to continue to do well,” he added.
Cantor Fitzgerald analyst Ramsey El-Assal maintained Robinhood with an Overweight rating on Monday and lowered the price target from $130 to $115.
What Else Does Cramer Recommend?
Origin Bancorp, Inc. (NYSE:OBK) is a “great regional bank that sells at 13 times earnings,” Cramer said.
Supporting his view, Keefe, Bruyette & Woods analyst Woody Lay, on Aug. 4, maintained Origin Bancorp with an Outperform rating and raised the price target from $57 to $60.
On July 22, Origin Bancorp reported quarterly earnings of $1.09 per share, which beat the analyst consensus estimate of $1.00 per share. The company reported quarterly sales of $107.593 million, which missed the analyst consensus estimate of $107.955 million.
Price Action
- Robinhood shares gained 3.5% to settle at $93.51 on Tuesday.
- NorthWestern Energy shares rose 1.4% to close at $69.86 during the session.
- Origin Bancorp rose 0.2% to settle at $54.98 on Tuesday.
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