Cramer Says This Financial Services Stock's 7.8% Yield Is Too High: 'It's What I Call A Red Flag, So I Can't Touch It'
Portfolio Pulse from Lisa Levin
Jim Cramer, on CNBC's 'Mad Money Lightning Round', gave his views on several stocks. He called Cleveland-Cliffs Inc. (CLF) 'good, but not great', favoring Nucor Corporation (NUE) instead. He expressed concern over Jackson Financial Inc.'s (JXN) high yield of 7.8%, calling it a 'red flag'. He also dismissed QuantumScape Corporation (QS) as a 'hard pass'.
July 12, 2023 | 12:39 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer expressed concern over Jackson Financial Inc.'s high yield of 7.8%, calling it a 'red flag'.
Cramer's negative comments about the high yield could potentially lead to a decrease in the stock's price as investors may perceive it as a risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Jim Cramer dismissed QuantumScape Corporation as a 'hard pass'.
Cramer's negative comments about QuantumScape Corporation could potentially lead to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Jim Cramer called Cleveland-Cliffs Inc. 'good, but not great', favoring Nucor Corporation instead.
Cramer's comments may not have a significant impact on the stock's price as he did not express a strong negative or positive view.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer favored Nucor Corporation over Cleveland-Cliffs Inc.
Cramer's positive comments about Nucor Corporation could potentially lead to an increase in the stock's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70