Cramer Calls Tech Giant A 'Great' Long-Term Play, But In The Short Term It's Just 'Too Hot'
Portfolio Pulse from Lisa Levin
Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round', recommending Philip Morris International (PM) and Myriad Genetics (MYGN) as buys, while expressing concerns about Snap (SNAP) and Crown Castle (CCI). He also mentioned that Meta Platforms (META) is a great long-term play but too hot in the short term.
June 22, 2023 | 2:49 pm
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POSITIVE IMPACT
Jim Cramer recommends Myriad Genetics (MYGN) as a buy, stating that it is a profitable and speculative stock.
Cramer's recommendation is based on MYGN's profitability and potential for growth, making it an attractive speculative stock for investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer recommends Philip Morris International (PM) due to its efforts to move away from the tobacco business.
Cramer's recommendation is based on PM's efforts to diversify away from the tobacco business, which could lead to long-term growth and stability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer sees Meta Platforms (META) as a great long-term play but too hot in the short term.
Cramer's view on META is mixed, as he believes it is a great long-term investment but may face short-term volatility due to its current popularity.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer expresses concerns about Crown Castle (CCI), stating that its 5.5% yield is not enough and will pass on it.
Cramer's concerns about CCI are based on its yield not being enough to attract investors, which could lead to underperformance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer is not a fan of Snap (SNAP), stating that he doesn't feel it has any game and will pass on it.
Cramer's negative view on SNAP is based on his belief that the company lacks a competitive edge, which could lead to underperformance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80