Jim Cramer Says Skip This 'Very Strange Stock,' Buy DraftKings Instead
Portfolio Pulse from Priya Nigam
Jim Cramer, on CNBC’s 'Mad Money Lightning Round,' recommended buying American Electric Power Company, Inc. (AEP) and DraftKings Inc. (DKNG), while expressing skepticism about Churchill Downs Incorporated (CHDN). He also mentioned that Verizon Communications Inc. (VZ) has an 8% yield and increased its dividend.
September 11, 2023 | 12:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Jim Cramer recommends buying AEP, stating that the company is well run and its stock price decline is due to rapid rate hikes by the Fed.
Jim Cramer's recommendation to buy AEP could potentially drive investor interest and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommends buying DKNG over CHDN due to the widespread availability of gambling.
Jim Cramer's recommendation to buy DKNG could potentially drive investor interest and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer mentioned that VZ has an 8% yield and increased its dividend.
Jim Cramer's mention of VZ's 8% yield and increased dividend could potentially drive investor interest, but it's unclear how this will impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer expressed skepticism about CHDN, describing it as a 'very strange stock.'
Jim Cramer's skepticism about CHDN could potentially drive investor caution and negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100