Jim Cramer's quick thoughts on 5 stocks: Chevron, Snap, Intel, AbbVie and Colgate

📆 26/04/2024 16:48:00
📰 CNBC

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Technology,Breaking News: Technology,Devon Energy Corp

Jim Cramer offers his take on companies outside the CNBC Investing Club’s portfolio.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Chevron : The oil giant beat on quarterly earnings but missed on revenue. "Maybe this is a chance to buy some oil," Jim Cramer said Friday. "I've been itching to buy Devon " again for the CNBC Investing Club portfolio . Cramer thought Chevron shares should be higher, not lower Friday.

Intel's foundry business lost $2.5 billion. Cramer said the numbers made him think: "Is their balance sheet good enough?" The stock was getting slammed, down 9%. AbbVie : The drugmaker delivered a better-than-expected quarter but Botox missed. Shares fell nearly 4%. The company did raise its full-year outlook. The problem here, Cramer said, is "generics, biosimilars," that compete against Abbvie's name brands.

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