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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Source: CNBC - 🏆 12. / 72 Read more »