Jim Cramer’s daily quick look at stocks outside of the CNBC Investing Club portfolio in the news. Cloudflare: Shares of the content delivery network fell 16% after the company’s midpoint revenue outlook for the second quarter fell short of analysts’ expectations. “People feel like they’re losing market share. I don’t think so,” Cramer said Friday. “But the important thing is, they’re not growing as fast as they used to.” DraftKings: The online gambling company’s quarterly results beat expectations, with revenue rising 53% to $1.18 billion and adjusted EBITDA Profit before tax, depreciation and amortization) was US$22 million. DraftKings CEO Jason Robins was interviewed after Thursday night’s episode of “Mad Money.” Jim’s takeaway from the interview: “The business has been rationalized. You don’t have to spend a fortune to acquire customers.” DraftKings was up slightly on Friday, up about 20% for 2024. Expedia: Shares of the online travel booking company fell 14%. First-quarter bookings were lower than expected due to weakness in Vrbo due to technology changes. “People are fickle. They’re not brand loyal,” Jim said. “If you can’t get into Vrbo, then you have to go to Airbnb. So, Airbnb is the big winner.” Booking Holdings: Expedia’s competitor tells a different story. More international exposure helps. “The booking was perfect,” Jim said. But he added, “They did mention the Middle East. But at the same time, they said it hasn’t hurt them yet.” Hershey: The chocolate company’s top and bottom line performance was strong. Prices increased by 5% to offset higher cocoa prices. “Remember, they had Cocoa locked up for a period of time. But Cocoa is in free fall, and I think there’s an opportunity,” Jim said. “Not my favorite,” he added. “By the way, Mondelez uses a lot of chocolate, they’re a better company. I’d buy that one.”
