Jun. 8 at 11:35 PM
In CNBC’s latest Lightning Round, Jim Cramer expressed a positive view on CBOE Global Markets, saying the stock’s recent decline appears unjustified and suggesting investors could start building a position, adding more if shares weaken further. He noted that the chart has turned unattractive but believes the selloff lacks a fundamental reason.
Cramer was less enthusiastic about several other names. He dismissed Xanadu Quantum Technologies, saying investors interested in quantum computing would be better off owning IBM. On BP, he said the stock is acceptable for oil exposure but prefers Chevron among integrated oil majors and EQT for natural gas. Regarding Galaxy Digital, he said it can be a way to gain exposure to Bitcoin-related themes, although investors seeking direct exposure may be better served by owning Bitcoin itself. He was most negative on Tractor Supply, citing weak fundamentals and saying he could not recommend the stock at current levels.
$CBOE $XNDU $IBM $BP $CVX