Jim Cramer Likes This Financial Stock: It's 'Breaking Out.' As For The Kroger Deal...
Portfolio Pulse from Avi Kapoor
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended buying Banco Santander (SAN) due to its strong performance in Brazil and Mexico. He expressed skepticism about the Kroger (KR) and Albertsons (ACI) merger, predicting government intervention to block it. Cramer also commented on Asana (ASAN), stating he wants to see profitability before endorsing the stock. SAN shares rose 1.2%, ASAN gained 3.9%, KR fell 0.5%, and ACI increased by 0.7% in Friday's trading session.
December 11, 2023 | 1:50 pm
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POSITIVE IMPACT
Jim Cramer recommended buying Banco Santander, citing its breakout performance in Brazil and Mexico.
Cramer's positive comments on Banco Santander's performance in key markets can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer is holding off on endorsing Asana until the company shows profitability, which may influence investor perception.
Cramer's comments on Asana's need for profitability may lead to a neutral impact on the stock as investors may adopt a 'wait and see' approach until the company's financials improve.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Albertsons may face a setback if the government heeds Jim Cramer's prediction and blocks its merger with Kroger.
The potential government blockage of the merger with Kroger, as suggested by Cramer, could negatively affect Albertsons' stock in the short term due to uncertainty and halted merger plans.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer predicts the government may block the merger between Kroger and Albertsons, which could impact investor sentiment.
The skepticism about the Kroger-Albertsons merger from a high-profile analyst like Cramer could lead to negative sentiment among investors, potentially causing a short-term dip in Kroger's stock price.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 70