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Cramer's Lightning Round: Get rid of ADT
  + stars: | 2023-06-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Cummins' year-to-date stock portfolio. Stock Chart Icon Stock chart icon Simon Property Group's year-to-date stock performance. Stock Chart Icon Stock chart icon ADT's year-to-date stock performance. Stock Chart Icon Stock chart icon Abbvie's year-to-date stock performance. Stock Chart Icon Stock chart icon Evergy's year-to-date stock performance.
Persons: Cummins, Simon, it's, Abbvie's, Marten Transport's, Marten, I've, Jim Cramer's Organizations: Cummins, Simon Property, Realty, 3M, Trucking, Energy Solutions, Atlas Energy Solutions
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightning Round: It's never too late to sell ADT 'it has been an abomination', says Jim Cramer'Mad Money' host Jim Cramer weighs in on stocks including: Cummins, Simon Property Group, ADT, Abbvie, Datadog, Evergy, Marten Transports, Atlas Energy Solutions, SoFi, c3.ai and Spotify.
Persons: It's, Jim Cramer, Cummins Organizations: Simon Property Group, Marten Transports, Atlas Energy Solutions, Spotify Locations: Marten
Although small-cap stocks have taken a hit in recent weeks, Barclays Capital has several picks in the sector that it expects to have significant upside. The following names show strong upside potential, with a median upside to price target of 28%. Powell has a price target of $24 on the REIT, which represents 52% upside from where shares closed on Tuesday. Barclays sees an upside of 37% for the stock since Tuesday's close. Retailer Dick's Sporting Goods , water management products manufacturer Advanced Drainage Systems and US Foods are companies Barclays expects to benefit from expanding margins through strong sales growth and declining costs.
Atlas Energy Solutions could jump in the next year as the public market newbie expands fracking-related operations in the Permian Basin, according to Barclays. Analyst Derek Podhaizer initiated coverage of the fracking stock at overweight with a price target of $25. His new target implies the stock could rally 46.8% over the next 12 months from where it closed Friday. Investors had left the proppant market after a boom-and-bust cycle that stemmed from a massive oversupply after capital was poured in in an attempt to build out the industry, Podhaizer said. Supply is specifically tight for the Permian Basin, with a lack of peers planning buildouts like Atlas.
UnitedHealth — Shares of the health insurance giant gained about 4% after the Center for Medicare & Medicaid Services on Friday announced updated payment rates. The Wall Street firm said Marqueta is facing a "multitude of headwinds" without an ironed-out renewal deal with Block. Extra Space Storage , Life Storage — Shares of Extra Space Storage fell 5% after the company said it would acquire Life Storage in an all-stock transaction for $145.82 per share, an 11.2% premium to where Life Storage closed Friday. Shares of Life Storage shares rose 3%. Ovintiv – The oil and natural gas exploration and production company saw shares jump 10% after announcing it will acquire certain Midland Basin assets from EnCap Investments for about $4.3 billion.
March 9 (Reuters) - Shares of Atlas Energy Solutions Inc (AESI.N) fell nearly 3% in their U.S. market debut on Thursday, valuing the oilfield services firm at $1.75 billion. The Austin, Texas-based company's shares opened at $17.5, below its initial public offering price of $18 a share. Atlas raised $324 million in its IPO on Wednesday after it sold 18 million shares at $18 apiece, below a range of $20 to $23 set earlier. Reuters was the first to report last year that Atlas was preparing for an IPO which could value the company at $2 billion to $3 billion. Calgary-based energy company Greenfire Resources and clean energy producer NET Power plan to merge with blank-check companies to go public in the United States.
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