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Jim Cramer Gives Insight on Oilfield Services Giant’s ‘Remarkable’ Quarter: A Potential Buying Opportunity

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Jim Cramer Gives Insight on Oilfield Services Giant’s ‘Remarkable’ Quarter: A Potential Buying Opportunity

On CNBC’s “Mad Money Lightning Round,” renowned financial expert Jim Cramer highlighted the potential of Rivian Automotive, Inc. RIVN as an investment opportunity. However, due to the company’s significant losses, Cramer suggests waiting for a second round of financing before considering an investment.

Cramer advises potential investors in Public Storage PSA to wait until the stock reaches $200 for a more significant and meaningful purchase.

In regards to Schlumberger Limited SLB, Cramer praises the company’s “remarkable” quarterly report, suggesting investors buy some shares now and potentially purchase more at a lower price point.

Cramer expresses caution regarding Aehr Test Systems AEHR as an expensive stock that may disconnect from market fundamentals.

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When analyzing The Trade Desk, Inc. TTD, Cramer acknowledges the company’s excellence but advises a cautious approach due to the stock’s high valuation. He suggests purchasing some shares and waiting for a potential price decrease before increasing positions.

Cramer finds Hawaiian Electric Industries, Inc. HE intriguing as a speculative investment. However, he warns against considering it as a long-term investment.

Price Action: Hawaiian Electric shares gained 2.8% to close at $12.64, while Trade Desk fell 6.3% to $71.67 on Wednesday. Aehr Test Systems fell 5.6% to settle at $31.14, while Schlumberger fell 0.7% to close at $56.62 on Wednesday. Public Storage shares fell 1.9% to close at $237.99, while Rivian fell 2.4% to $17.02 during Wednesday’s session.

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