'Wait For A Pullback:' Jim Cramer On This Materials Stock Up 35% Over Past Month
Portfolio Pulse from Lisa Levin
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' advised against investing in Plug Power Inc. (PLUG) due to consistent quarterly misses. He recommended Cleveland-Cliffs Inc. (CLF) for its strong management and suggested caution with Marathon Digital Holdings, Inc. (MARA), preferring direct Bitcoin investment. Cramer praised Super Micro Computer, Inc. (SMCI) as a derivative of NVIDIA Corporation (NVDA) and highlighted InterDigital, Inc. (IDCC) as undervalued. He was hesitant about MP Materials Corp. (MP) and advised waiting for a pullback on Ferroglobe PLC (GSM), which has risen 35% over the past month.
December 05, 2023 | 2:12 pm
News sentiment analysis
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POSITIVE IMPACT
Cleveland-Cliffs Inc. was recommended by Jim Cramer for its strong management.
A positive recommendation from Jim Cramer can attract investor interest and potentially lead to a short-term increase in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
InterDigital, Inc. was highlighted by Cramer as a premier, yet undervalued, digital wireless company.
Cramer's identification of IDCC as undervalued and premier could lead to increased investor interest and a short-term rise in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Super Micro Computer, Inc. received positive comments from Cramer, being likened to a derivative of NVIDIA Corporation.
Cramer's comparison of SMCI to NVDA could be seen as a positive indicator, potentially leading to a short-term uptick in SMCI's stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Cramer suggested caution with Marathon Digital Holdings, Inc., recommending direct Bitcoin investment instead.
Cramer's neutral stance and preference for Bitcoin may not significantly impact MARA's stock price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cramer advised waiting for a pullback on Ferroglobe PLC's stock, which has recently seen a significant increase.
Cramer's advice to wait for a pullback implies that the current price may be inflated, which could lead to a short-term price drop if investors take profit.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Cramer expressed concerns about MP Materials Corp. not coming together fast enough.
Cramer's hesitation about MP's progress could lead to investor wariness and a potential short-term decrease in stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer advised against investing in Plug Power Inc. due to its consistent failure to meet quarterly expectations.
Negative sentiment from a high-profile analyst like Jim Cramer can lead to a short-term decline in stock price due to investor concerns over the company's performance.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90