Jim Cramer Says This Is A 'Very, Very Expensive' Stock: 'I Say Ka-Ching Ka-Ching On Some Of That One'
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He praised John Bean Technologies (JBT) for its global industrial food focus and upcoming voluntary takeover offer for Marel. Cramer showed readiness to invest in Northrop Grumman (NOC) after its Q4 sales growth and EPS beat, despite a net loss. He advised against AMC Entertainment (AMC), despite its record-breaking Taylor Swift concert film, and labeled Procore Technologies (PCOR) as 'very, very expensive,' suggesting to cash in on it. Keybanc raised PCOR's price target.
January 30, 2024 | 1:05 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer advised against investing in AMC Entertainment, despite its success with the Taylor Swift concert film, indicating a lack of confidence in the stock's potential to rise.
Cramer's negative outlook, despite the recent success of the Taylor Swift concert film, could deter investors, potentially leading to a short-term decline in AMC's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cramer called Procore Technologies 'very, very expensive' and suggested selling some shares, despite Keybanc's price target increase from $70 to $77.
Cramer's suggestion to sell shares of Procore Technologies, which he deems overvalued, could influence investors to offload the stock, potentially leading to a short-term price drop.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer spoke positively about John Bean Technologies, highlighting its focus on the global industrial food sector and its plans for a voluntary takeover offer for Marel.
Cramer's positive comments and the company's proactive growth strategy with the planned Marel takeover could attract investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cramer is ready to invest in Northrop Grumman after it reported a 6% year-over-year sales growth and an EPS beat in Q4, despite a net loss.
The positive sales growth and EPS beat could signal underlying strength in Northrop Grumman's business, which may lead to increased investor confidence and a potential rise in stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80