Jim Cramer Says Buy This Utilities Stock Down 6% Over Past 6 Months, Calls Bunge A 'Battleground'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommended American Electric Power Company, Inc. (AEP) as a buy despite a 6% loss over six months. He labeled Bunge Global SA (BG) as a 'battleground' stock, advising caution until it bottoms out. Cramer suggested Booking Holdings Inc. (BKNG) over Allegiant Travel Company (ALGT). Barclays analyst Ryan Macwilliams raised the price target for Intel Corporation (INTC) from $32 to $44 ahead of its Q4 earnings release. Stock movements included INTC down 2.1%, BKNG down 0.4%, ALGT down 3.2%, BG down 0.3%, and AEP down 1.5% on Wednesday.
January 18, 2024 | 2:30 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer recommended AEP as a buy despite its recent 6% loss, which could signal investor confidence and potentially lead to a short-term price increase.
Cramer's endorsement may influence investors to consider AEP favorably, potentially leading to a short-term uptick in its stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer's recommendation of Booking Holdings over Allegiant Travel could positively influence BKNG's stock in the short term.
Cramer's recommendation may lead to increased investor interest in BKNG, potentially resulting in a short-term price increase.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Barclays raised the price target for Intel ahead of its Q4 earnings, which could lead to positive short-term price movement for INTC.
The raised price target by Barclays ahead of Intel's earnings report may boost investor confidence, potentially leading to a short-term rise in INTC's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Cramer recommended Booking Holdings over Allegiant Travel, which could negatively impact ALGT's stock in the short term.
Cramer's preference for BKNG over ALGT may sway investor sentiment, potentially leading to a short-term dip in ALGT's stock price.
CONFIDENCE 65
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Bunge Global SA is considered a 'battleground' stock by Cramer, and Wolfe Research downgraded it, which may lead to short-term price volatility or decline.
The 'battleground' label and a recent downgrade suggest uncertainty and potential short-term downside risk for BG's stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70