Jim Cramer Says This Tech Company Reported A 'Miserable' Quarter: 'They're In The Penalty Box'
Portfolio Pulse from Avi Kapoor
Jim Cramer commented on several companies during CNBC's 'Mad Money Lightning Round.' He described Confluent, Inc.'s (CFLT) recent quarter as 'miserable' and suggested it's in the 'penalty box,' advising to wait two quarters before considering it as a buy. Cramer was negative on Alibaba Group Holding Limited (BABA), in light of recent criticism of Congress member Laurel Lee's stock trading. He warned against shorting Affirm Holdings, Inc. (AFRM), citing the company's popularity and CEO's intelligence. Cramer also expressed a reluctance to recommend Altria Group, Inc. (MO), a tobacco company. The mentioned stocks experienced slight declines in their share prices during Friday's session.
January 16, 2024 | 1:07 pm
News sentiment analysis
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NEGATIVE IMPACT
Alibaba Group Holding Limited faces negative sentiment from Jim Cramer and scrutiny over Congress member Laurel Lee's stock trading, potentially impacting investor perception.
The criticism of Congress member Laurel Lee's trading of Alibaba shares and Cramer's negative stance could contribute to a bearish outlook for BABA in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer criticized Confluent, Inc.'s recent quarter as 'miserable' and suggested investors wait to see if it's a buy, indicating a lack of confidence in the stock's short-term performance.
Cramer's negative comments on Confluent's recent earnings could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Jim Cramer's reluctance to recommend Altria Group, Inc. due to its tobacco industry ties could influence investor sentiment negatively, despite only a slight stock price decline.
Cramer's ethical stance against recommending a tobacco stock like Altria could lead to a negative perception among investors, possibly affecting the stock's short-term performance.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Jim Cramer views shorting Affirm Holdings, Inc. as unwise due to the company's popularity and CEO's reputation, which could maintain investor interest and support the stock price.
Cramer's comments suggest that despite any potential challenges, Affirm's stock may not be significantly impacted in the short term due to its strong following and leadership.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60