Cramer Says Sprout Social Is In A 'Hot Spot,' But This Energy Stock Is 'Too Down And Out'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he needs to do more work on Sprout Social, Inc. SPT as it is in a "hot spot, but the stock is not making money. And because the company’s not making money, I have said no. But that doesn’t mean I can be totally closed minded, because they’re supposed to have an earnings breakout."

On Feb. 20, Sprout Social posted better-than-expected fourth-quarter sales results.

MannKind Corporation MNKD has been "hanging out there forever, and it’s finally starting to look like it’s going to have an earnings breakout, but I am one of those people who’s jaundiced about it. I got to wait to see if they come up with something," Cramer said.

On Feb. 27, MannKind reported upbeat sales for the fourth quarter.

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When asked about Riot Platforms, Inc. RIOT, Cramer said he would rather just own Bitcoin BTC/USD or the Ethereum ETF that’s going to be coming.

On March 5, Riot issued production and operations updates for February 2024.

The "Mad Money" host said Transocean Ltd. RIG is "too down and out." He said if you want to buy anybody in that space, buy SLB SLB, or Halliburton HAL, or just buy nobody.

On Feb. 19, Transocean posted a narrower-than-expected quarterly loss.

"They over expanded. I was upset that they did that, because it’s such a good brand. They seem to have gotten a little more religion, and they’re slowing things down, and that is going to make it so it’s a stock to own," Cramer said about Dutch Bros Inc. BROS.

On Feb. 28, Dutch Bros announced the pricing of its secondary public offering of 8 million shares of Class A common stock at $29.05 per share.

"The stock ran, and it did this one and a quarter convertible senior note, and it crushed the stock. I don’t blame the people wanting to have that money at that price, but that’s what hurt it," Cramer said about SoFi Technologies, Inc. SOFI. "And I still believe."

On March 5, SoFi priced its private offering of 1.25% convertible senior notes due 2029 in an aggregate principal amount of $750 million.

Price Action:

• Shares of Sprout Social fell 0.2% to close at $58.96 on Thursday.
• MannKind shares gained 7.3% to close at $5.15 on Thursday.
• Riot Platforms shares fell 1.2% to settle at $11.97.
• Dutch Bros shares fell 0.5% to settle at $29.92 on Thursday.
• Transocean shares gained 0.2% to close at $5.15 on Thursday.
• Shares of SoFi gained 1% to settle at $7.47.

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