Jim Cramer's every day rapid-fire report looks at stocks within the news outside of the CNBC Investing Club portfolio. Cloudflare: Shares of the content delivery network fell 16% after the midpoint of the corporate's second-quarter revenue forecast fell in need of analyst estimates. “People feel like they are losing market share. I don’t think that’s the case,” Cramer said Friday. “But it does matter that they're not growing as fast as they used to.” DraftKings: The online betting company posted a better-than-expected quarter, with revenue up 53% to $1.18 billion and adjusted EBITDA or earnings before interest, taxes, depreciation and amortization of $22 million. Jason Robins, CEO of DraftKings, was on “Mad Money” after the discharge Thursday night. Jim’s conclusion from the interview: “The business has been streamlined. You don't should lay our a fortune to get a customer.” DraftKings rose slightly on Friday, rising about 20% in 2024. Jim believes the stock can “go higher.” Expedia: Shares of the online travel booking company fell 14%. First-quarter bookings missed estimates due to weakness at Vrbo due to a technical change. “People are fickle. They’re not brand loyal,” Jim said. “If you can’t access Vrbo, just use Airbnb. So Airbnb is the big winner.” Booking Holdings: The Expedia rival told a different story. A stronger presence in the international environment has helped. “Booking perfect,” said Jim. But he added: “One thing they mentioned was the Middle East. But in the meantime, they said it hasn't hurt them yet.” Hershey: The chocolate company delivers top sales and profit figures. The price was increased by 5% to compensate for higher cocoa prices. “Remember that they’re certain to cocoa for a certain time period. But cocoa is in free fall and I believe that is a chance,” Jim said. “Not my favorite,” he added. “By the way, Mondelez uses a lot of chocolate and they are a better company. I would buy that.”
image credit : www.cnbc.com