Shopify : The e-commerce company reported better-than-expected revenue on Tuesday, but its gross margin was a concern for investors. But Jim Cramer said in an interview with company president Harley Finkelstein that Shopify’s spending should help existing customers do more business with the company. Overall, it was an “incredibly good quarter,” Jim said. “I like it.” Coca-Cola: The beverage giant’s fourth-quarter earnings met Wall Street expectations, and sales beat analysts’ expectations. Organic revenue for the same quarter increased by 12%. “If you’re looking for income without taking too much risk, go to Coca-Cola. I think the stock price will go up over time,” Jim said. Based on Wednesday’s price, Coke’s stock had a dividend yield of about 3.1%. Lyft, Uber: A typo in Lyft’s earnings report sent the stock soaring in after-hours trading Tuesday night, but the company still posted solid quarterly profits. Management also said Lyft should generate positive annual free cash flow for the first time in 2024. “The way we look at Lyft is, ‘You know, ride sharing is here to stay and it’s benefiting everyone,'” Jim said, adding that CEO David Risher’s He suggested that the reconstruction plan is bearing fruit. Meanwhile, Uber announced a $7 billion stock buyback program, which Jim called “absolutely impressive.” Kraft Heinz: Shares fell more than 5% Wednesday after the parent company of Oscar Mayer and Velvita reported lower-than-expected fourth-quarter sales. Organic sales for the quarter decreased by 0.7% year-on-year due to lower sales volumes. “If you want to see the worst junk food in the supermarket, it’s more likely to be made by these people than anyone else, so give it a break,” Jim said. Robinhood Markets: The stock and cryptocurrency trading app delivered a surprise profit in the fourth quarter, with earnings per share of his 3 cents, beating expectations for a loss of 1 cent. “Robinhood is here to stay. It was a very good quarter,” Jim said.
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