Cramer Praises Asset Manager's 'Amazing Quarter,' But As For SolarEdge? 'Too Hard To Own'
Portfolio Pulse from Avi Kapoor
Jim Cramer praised BlackRock, Inc. (BLK) for an 'amazing quarter' and recommended buying the stock. The SEC delayed judgment on BlackRock's proposed Ethereum ETF to March 10. Cramer is uncertain about Axsome Therapeutics, Inc. (AXSM) due to the complexity of central nervous system treatments, despite RBC Capital's Outperform rating and $126 price target. Axsome reported preliminary Q4 2023 revenue of $71 million and $204 million for the full year. Cramer finds SolarEdge Technologies, Inc. (SEDG) and Enphase Energy, Inc. (ENPH) 'too hard to own.' SolarEdge announced a 16% workforce reduction, affecting 900 employees. Goldman Sachs maintained a Sell rating on SolarEdge, lowering the price target from $83 to $71. Stock movements included gains for BLK and SEDG, and declines for AXSM and ENPH.
January 26, 2024 | 2:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Cramer mentioned Enphase Energy as being 'too hard to own' alongside SolarEdge, which may affect investor sentiment.
Cramer's negative view on Enphase, mentioned in the context of SolarEdge's difficulties, could lead to a short-term negative perception among investors.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Cramer finds SolarEdge too difficult to own after its workforce reduction and Goldman Sachs' Sell rating with a lowered price target.
The negative sentiment from Cramer, the workforce reduction, and Goldman Sachs' Sell rating with a lower price target suggest a likely short-term negative impact on SEDG's stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Cramer is hesitant about Axsome Therapeutics due to the challenges in CNS treatments, despite RBC's positive outlook and Axsome's strong preliminary revenue report.
The mixed signals from Cramer's caution and RBC's positive rating, along with the strong revenue report, could create uncertainty, leading to a neutral short-term impact on AXSM's stock.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer praised BlackRock's recent earnings and recommended buying the stock. The SEC postponed the decision on BlackRock's Ethereum ETF to March 10.
Cramer's positive comments and the anticipation of the SEC's decision on the Ethereum ETF could lead to increased investor interest and a potential short-term uptick in BLK's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90