Cramer's Top Auto Pick After 'Very Big Spike': 'By Far The Best Of The Group'
Portfolio Pulse from Lisa Levin
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' expressed his views on various stocks. He recommended Weyerhaeuser (WY) for the long term, endorsed buying Take-Two Interactive (TTWO), and supported holding Stellantis (STLA) after a recent spike, calling it the best of its group. Cramer favored RadNet (RDNT) and Palo Alto Networks (PANW) over Fortinet (FTNT). He preferred Sempra (SRE) and American Electric Power (AEP) over NextEra Energy (NEE) and found Crocs (CROX) too risky. Stock movements were mixed on Tuesday, with Palo Alto and RadNet rising, while Fortinet, Crocs, Sempra, NextEra Energy, and Weyerhaeuser fell.
December 06, 2023 | 2:08 pm
News sentiment analysis
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NEGATIVE IMPACT
Cramer deemed Crocs as 'too dicey,' suggesting a cautious approach to the stock.
Cramer's characterization of CROX as risky could deter investors, potentially leading to a short-term dip in the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Cramer expressed a liking for American Electric Power, along with Sempra, over NextEra Energy.
Cramer's preference for AEP, similar to SRE, may have a neutral impact as it is based on his personal taste rather than a definitive market move.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Cramer showed a preference for Sempra over NextEra Energy, aligning with his investment taste.
Cramer's preference for SRE over NEE may have a neutral impact as it reflects a personal investment preference rather than a strong buy or sell signal.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Cramer recommended holding onto Stellantis after a significant spike, calling it the best of its group.
Cramer's view of STLA as the best in its group, despite a recent spike, suggests a neutral impact, as investors may already have factored in the recent gains.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cramer prefers Palo Alto Networks over Fortinet, emphasizing the importance of buying 'best of breed' companies.
Cramer's preference for PANW as a 'best of breed' company could lead to positive investor perception and an uptick in its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Cramer expressed a strong liking for RadNet, influenced by Dr. Berger's story and the company's narrative.
Cramer's support for RDNT, based on Dr. Berger's story, could positively influence investor sentiment and the stock's short-term performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 75
POSITIVE IMPACT
Cramer recommended buying Take-Two Interactive, impressed by the Grand Theft Auto trailer.
Cramer's recommendation to buy TTWO, based on the Grand Theft Auto trailer, could generate investor interest and positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Jim Cramer recommended Weyerhaeuser Company for the long term, praising its performance and profitability.
Cramer's positive comments on WY's long-term prospects and profitability could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80