On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Waste Management, Inc. (NYSE:WM), adding that it’s a “super strong buy, a lifetime super strong buy.”
Supporting his view, CIBC analyst Kevin Chiang raised the price target on the stock from $227 to $247 on March 5. On Jan. 29, the company reported better-than-expected fourth-quarter sales, posting quarterly sales of $5.89 billion, which beat the analyst consensus estimate of $5.77 billion.
Cramer said he doesn’t like Sezzle Inc. (NASDAQ:SEZL) right now. “I think that there’s a lot of these companies, and that’s kind of the problem,” he said.
On the earnings front, Sezzle reported better-than-expected fourth-quarter adjusted EPS results on Feb. 25. The company posted adjusted earnings of $4.39 per share, beating market estimates of $3.12 per share. The company’s total revenue, less transaction-related costs, was $54.30 million.
On March 10, Sezzle announced a $50 million stock repurchase program.
Price Action:
- Waste Management shares fell 0.2% to settle at $226.90 on Thursday.
- Sezzle shares gained 0.8% to close at $231.96 during the session.
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