Jim Cramer: Stay Away From This Major Airline Stock, 'People Should Understand Airlines Are Trades'
Portfolio Pulse from Avi Kapoor
Jim Cramer advised investors on CNBC's 'Mad Money Lightning Round' to avoid Delta Air Lines (DAL), citing that airlines should be considered trades, not long-term investments. Despite Delta's Q4 FY23 revenue growth, Cramer remains cautious. He also recommended staying away from Fluor Corporation (FLR) due to its inconsistent earnings history, with Q4 results expected on Feb. 20, 2024. Cramer labeled Illumina (ILMN) as 'second-rate' compared to Danaher Corporation (DHR) and suggested passing on Ferrari N.V. (RACE) despite its strong Q3 FY23 earnings. Stock movements were mixed, with DAL, FLR, and RACE experiencing gains, while DHR and ILMN saw modest changes.
January 24, 2024 | 1:52 pm
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POSITIVE IMPACT
Danaher Corporation was mentioned by Jim Cramer as a superior option compared to Illumina, which could be seen as an indirect endorsement.
While not a direct recommendation, Cramer's favorable comparison of DHR to ILMN could be taken positively by investors, possibly benefiting DHR's stock price in the short term.
CONFIDENCE 65
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Jim Cramer recommended avoiding Delta Air Lines stock, despite its Q4 FY23 revenue growth, suggesting airlines are better as trades rather than long-term investments.
Cramer's comments, especially on a platform like CNBC, can influence investor sentiment and potentially lead to a short-term negative impact on DAL's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Cramer suggested staying away from Fluor Corporation due to its history of missing earnings, with upcoming Q4 results on Feb. 20, 2024.
Negative commentary from a high-profile analyst like Cramer could lead to bearish sentiment among investors, potentially affecting FLR's stock price negatively in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer referred to Illumina as a 'second-rate' company compared to Danaher Corporation, implying a less favorable outlook for ILMN.
Cramer's negative comparison of ILMN to DHR could discourage investors from ILMN, potentially leading to a short-term decline in its stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Jim Cramer recommended taking a pass on Ferrari N.V. despite its better-than-expected Q3 FY23 earnings, suggesting skepticism about the stock.
Cramer's recommendation to avoid RACE, even after good earnings, could lead to short-term negative sentiment among investors, potentially impacting the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70