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Cramer Endorsed ONEOK as it Completes $3 Billion Public Offering
Yahoo Finance· 2025-10-08 14:25
Group 1 - ONEOK, Inc. has completed a $3 billion public offering to address its outstanding commercial paper obligations and senior notes due in September 2025 [2][3] - Jim Cramer has assigned a Buy rating to ONEOK, highlighting confidence in the company's leadership and performance despite a recent stock price decline of -1.33% [3] - Bank of America has lowered the stock's price target from $109 to $100 while maintaining a Buy rating, indicating mixed opinions on the stock's future performance [2] Group 2 - ONEOK, Inc. operates as a leader in North American energy infrastructure, managing a vast network of pipelines and assets for natural gas liquids, refined products, and crude oil [4] - The company has strong institutional interest, with 44 hedge funds reported to hold ownership stakes in ONEOK, indicating confidence from institutional investors [3]
Cramer Backs GE Vernova Amid Turbine Setback and Analyst Downgrade
Yahoo Finance· 2025-10-08 14:20
Group 1 - GE Vernova Inc. (NYSE:GEV) is considered a recession-proof stock pick by Jim Cramer despite a recent downgrade from RBC Capital, which lowered the price target from $631 to $601 [2][4] - The company faced a setback when a wind turbine blade at Iberdrola's Flyers Creek wind farm in Australia was damaged, prompting a statewide safety review of wind turbines [2] - Jim Cramer highlights the rising demand for power due to the increasing number of AI data centers, which positions GE Vernova favorably in the market [3][4] Group 2 - GE Vernova Inc. is a global energy company focused on electrification and decarbonization, having officially spun off from General Electric on April 2, 2024 [4] - The company has strong institutional support, with 106 hedge funds invested in its stock, indicating confidence in its long-term prospects [4]