Jim Cramer Says Biggest Earnings Surprise From Tuesday Was Not A Blue Chip Stock, But This Company
Portfolio Pulse from Shanthi Rexaline
CNBC Mad Money host Jim Cramer highlighted Nucor Corp. (NUE) as the biggest earnings surprise on Tuesday, despite several blue-chip companies also reporting earnings beats. Nucor reported Q3 earnings of $4.57 per share on revenue of $8.78 billion, beating consensus estimates. Cramer had previously picked Nucor as a top stock for 2023, citing its ability to deliver solid earnings despite Fed tightening and potential benefits from the infrastructure bill. Following the earnings beat, Nucor's stock rose 4.75%.
October 25, 2023 | 12:02 pm
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POSITIVE IMPACT
Nucor Corp. reported Q3 earnings that beat consensus estimates, leading to a 4.75% rise in its stock price. Jim Cramer's positive outlook for the company could further boost investor confidence.
Nucor Corp.'s better-than-expected Q3 earnings led to a significant increase in its stock price. Additionally, Jim Cramer's positive comments about the company, including his prediction of further upside in 2023, could increase investor interest and potentially lead to further stock price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The Coca-Cola Company also reported an earnings beat on Tuesday, but it was not highlighted as a surprise by Jim Cramer.
While The Coca-Cola Company reported an earnings beat, it was not singled out by Jim Cramer as a surprise. This could mean that the earnings beat was expected by the market and may not significantly impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
3M Company also reported an earnings beat on Tuesday, but it was not highlighted as a surprise by Jim Cramer.
While 3M Company reported an earnings beat, it was not singled out by Jim Cramer as a surprise. This could mean that the earnings beat was expected by the market and may not significantly impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Visa, Inc. also reported an earnings beat on Tuesday, but it was not highlighted as a surprise by Jim Cramer.
While Visa, Inc. reported an earnings beat, it was not singled out by Jim Cramer as a surprise. This could mean that the earnings beat was expected by the market and may not significantly impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Verizon Communications Inc. also reported an earnings beat on Tuesday, but it was not highlighted as a surprise by Jim Cramer.
While Verizon Communications Inc. reported an earnings beat, it was not singled out by Jim Cramer as a surprise. This could mean that the earnings beat was expected by the market and may not significantly impact the stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50