Jim Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed various stocks on CNBC's 'Mad Money Lightning Round,' recommending waiting to buy Walgreens Boots Alliance (WBA) and expressing interest in Constellation Brands (STZ) over other beer companies. He was uncertain about ZoomInfo Technologies (ZI) and First Watch Restaurant Group (FWRG), and suggested owning Bitcoin directly over investing in Marathon Digital Holdings (MARA). Walgreens is exploring a sale of its specialty pharmacy business, Shields Health Solutions. Marathon Digital's upcoming earnings report is anticipated, and First Watch reported positive sales growth. ZoomInfo exceeded fourth-quarter expectations.
February 15, 2024 | 1:47 pm
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POSITIVE IMPACT
First Watch Restaurant Group reported a 5% year-over-year growth in same-restaurant sales for the fourth quarter.
Positive sales growth indicates a potentially positive short-term impact on First Watch's stock, despite Cramer's lack of familiarity.
CONFIDENCE 60
IMPORTANCE 55
RELEVANCE 50
POSITIVE IMPACT
Constellation Brands, preferred by Jim Cramer over other beer companies, owns popular beer brands and the High West distillery.
Cramer's endorsement of Constellation Brands, especially owning it for the Charitable Trust, suggests a positive outlook for STZ's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walgreens Boots Alliance is considering selling its specialty pharmacy business, Shields Health Solutions, potentially for over $4 billion.
The potential sale of Shields Health Solutions could provide Walgreens with a significant financial boost, positively impacting its stock in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Marathon Digital Holdings, a Bitcoin play, is expected to report Q4 earnings with analysts predicting earnings of 4 cents per share on revenue of $143.28 million.
While the upcoming earnings report is significant, Cramer's recommendation to own Bitcoin directly over MARA suggests a neutral impact on its stock.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
ZoomInfo Technologies reported better-than-expected fourth-quarter results and issued guidance, but Jim Cramer expressed uncertainty about its future.
Despite positive results, Cramer's uncertainty about ZoomInfo's future suggests a neutral short-term impact on its stock.
CONFIDENCE 65
IMPORTANCE 65
RELEVANCE 60