Jim Cramer: Cheesecake Factory Stock Is 'Darn Cheap,' Buying This Tech Stock

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On CNBC's “Mad Money Lightning Round,” Jim Cramer said Cheesecake Factory ( CAKE ) is “darn cheap.”

Cheesecake Factory ( CAKE ) will release its first quarter financial results after the closing bell on Wednesday, April 30.

Cramer said no to Occidental Petroleum ( OXY ) , adding that it's “one of the worst of the oils.”

Supporting his view, Scotiabank analyst Paul Cheng, on Friday, downgraded Occidental Petroleum ( OXY ) from Sector Outperform to Sector Perform and announced a $40 price target.

When asked about Realty Income Corporation ( O ) , he said, “I think letter O should be bought into this weakness.”

Realty Income ( O ) will release its first quarter operating results after the closing bell on May 5.

The Mad Money host said he can't recommend Halliburton Company ( HAL ) .

Barclays analyst David Anderson, on March 31, maintained Halliburton ( HAL ) with an Equal-Weight rating and lowered the price target from $30 to $29.

Carriage Services, Inc ( CSV ). is a “very steady” stock, Cramer said.

On Feb. 26, the company posted better-than-expected earnings for its fourth quarter.

Cramer recommended buying Palantir Technologies Inc ( PLTR ). .

As per the recent news, Everfox, on March 25, disclosed a strategic partnership with Palantir ( PLTR ) to enhance joint command and control capabilities.

Price Action:

  • Cheesecake Factory ( CAKE ) shares rose 1.7% to settle at $46.08 on Friday.
  • Occidental Petroleum ( OXY ) shares gained 3.3% to close at $37.67 during the session.
  • Realty Income ( O ) shares rose 2% to settle at $55.22.
  • Halliburton ( HAL ) shares gained 4% to close at $21.07 on Friday.
  • Carriage Services ( CSV ) shares rose 2.3% to settle at $37.78 on Friday.
  • Palantir ( PLTR ) shares slipped 0.1% to close at $88.55.

Read Next:

  • Top 3 Industrials Stocks That May Explode In April

Image: Shutterstock

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