During the CNBC Investing Club's Morning Meeting on Thursday, Jim Cramer opined on earnings from Micron, Chewy, Darden Restaurants and Five Below.
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Micron Technology : Shares surged more than 14% after the memory chipmaker's fiscal second-quarter results easily topped Wall Street estimates, driven in part by booming demand for artificial intelligence technology. Its guidance also was strong. "You have to own it. It's not expensive," Jim Cramer said of Micron stock. " is not given to any hyperbole, whatsoever.
"I think that it peaked during the pandemic." Darden Restaurants : The parent company of Olive Garden on Thursday reported a decline in same-store sales for the first time since the pandemic. Shares of Darden, which also owns LongHorn Steakhouse among other brands, fell around 5% Thursday. "I want to dig more into that. I was surprised" by Darden's report, Cramer said, adding that other restaurant chains, such as Shake Shack, recently reported stronger numbers.
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