Jim Cramer: Buy This Financial Stock, 'It's Up Substantially From Where It Was In The Spring'
Portfolio Pulse from Lisa Levin
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying SoFi Technologies, Inc. (SOFI), citing its substantial growth since spring and the good job CEO Noto is doing. He also sees potential in Generac Holdings Inc. (GNRC) due to lower interest costs and suggested holding onto it. Cramer was less optimistic about Golden Ocean Group Limited (GOGL), fearing a bust after a boom. He prefers Danaher Corporation (DHR) over Guardant Health, Inc. (GH) for gene sequencing. The article also reports on the recent price actions of these stocks.
November 28, 2023 | 2:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Guardant Health may see a negative impact as Jim Cramer expressed a preference for Danaher Corporation in the gene sequencing field.
Cramer's preference for a competitor could negatively affect investor sentiment towards GH, potentially leading to a short-term dip in its stock price.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Cramer is cautious about Golden Ocean Group, fearing a bust after a recent boom, and does not highly regard the sector.
Cramer's cautionary stance on GOGL, given the cyclical nature of the industry, could lead to investor wariness and a potential short-term decline in stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer prefers Danaher Corporation over Guardant Health for gene sequencing, which could influence investor preference.
Cramer's preference for DHR over GH in the gene sequencing space may sway investors towards DHR, potentially impacting its short-term stock performance positively.
CONFIDENCE 70
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Cramer sees potential in Generac Holdings due to lower interest costs and suggests holding onto the stock, predicting a possible increase in its price.
Cramer's positive outlook on GNRC, based on lower interest costs, could lead to increased investor confidence and a short-term price rise.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer recommended buying SoFi Technologies, noting its substantial growth from the spring and praising CEO Noto's performance.
Cramer's endorsement, especially on a popular show like 'Mad Money', can influence investor sentiment and potentially drive short-term buying interest in SOFI.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90