Topol added that all of the “happy talk” about the virus is not helping anybody. He said we are seeing more asymptomatic cases that are causing a lot of complications. Vaccines were always planned to be three shots, so boosters will be inevitable. But we’re not there yet for most people.
When asked about Europe’s “Green Pass” vaccination passports, Topol said they would be a big help to get vaccination rates up in the U.S., if only we’d allow them here.
Oil Barrels Along
In his “No Huddle Offense” segment, Cramer looked at the price of crude oil, which once again crossed $70 a barrel. He said that recently, $70 was the tipping point where OPEC stepped in and increased supply to ease pricing pressures. But this time is different.
Cramer said the U.S. shale producers have changed their playbook and are no longer drilling like crazy, allowing the Saudis a chance to rake in higher profits. Even the most undisciplined of producers, like Diamondback Energy (FANG Get Diamondback Energy, Inc. Report has suddenly gotten religion and is not opening the oil spigot.
That means oil prices could be heading a lot higher in the near future.
Lightning Round
Here’s what Jim Cramer had to say about some of the stocks that callers offered up during the “Mad Money Lightning Round” Friday evening:
Palantir Technologies (PLTR Get Palantir Technologies Report : “This is a buy. I wish we knew more about them, but they are a good company.”
Las Vegas Sands (LVS Get Las Vegas Sands Corp. (LVS) Report : “The only casino you should buy is Wynn Resorts (WYNN Get Wynn Resorts, Limited (WYNN) Report . Las Vegas Sands has too much exposure to Macau.”
Clearway Energy (CWEN Get Clearway Energy, Inc. Class C Report : “You have a good stock there.”
Energy Transfer (ET Get Energy Transfer, L.P. Report : “This is a recklessly run company and that’s a shame.”
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At the time of publication, Action Alerts PLUS had a position in COST.
