Jim Cramer: This Pet Retailer's Stock Is 'Low, That's Something Worth Taking A Look'
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed the stock performance and outlook of several companies on CNBC's 'Mad Money Lightning Round'. He mentioned Chewy, Inc. (CHWY) positively, noting its low price as an opportunity. Barclays and Goldman Sachs analysts have recently adjusted their price targets for CHWY. Cramer was not optimistic about JetBlue Airways (JBLU), citing the airline industry's underperformance. JetBlue reported a Q4 operating loss but beat revenue and EPS estimates. Cramer praised The Home Depot, Inc. (HD) for its significant run, supported by a Piper Sandler upgrade. He also recommended Schlumberger Limited (SLB), highlighting its better-than-expected Q4 earnings. Stock movements for CHWY, JBLU, HD, and SLB on Thursday are also noted.
February 02, 2024 | 1:46 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer is not optimistic about JetBlue, citing industry challenges. Despite beating revenue and EPS estimates, JBLU reported a Q4 operating loss.
Cramer's negative view and the reported Q4 operating loss could lead to short-term price pressure on JBLU.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Chewy's stock is seen as an opportunity by Jim Cramer due to its low price, with recent analyst upgrades supporting a positive outlook.
Cramer's positive mention and recent analyst upgrades suggest a potential short-term price increase for CHWY.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The Home Depot praised by Jim Cramer for its significant run, supported by a recent upgrade from Piper Sandler with a raised price target.
Cramer's endorsement and the analyst upgrade suggest a positive short-term outlook for HD's stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Schlumberger Limited recommended by Jim Cramer following better-than-expected Q4 earnings, indicating a strong performance.
Cramer's recommendation and the Q4 earnings beat are likely to contribute to a positive short-term price movement for SLB.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90