Jim Cramer Says Don't Be So Eager To Buy This Semiconductor Stock On 'First Dip'
Portfolio Pulse from Avi Kapoor
Jim Cramer advised caution on buying Taiwan Semiconductor (TSM) on the first dip despite its 7.9% revenue growth, praised MPLX LP for its better-than-expected Q4 results, and recommended selling a third of Celestica (CLS) shares after its positive financial report. MPLX and Celestica's shares saw varied movements, while TSM's shares fell.
February 21, 2024 | 1:28 pm
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POSITIVE IMPACT
MPLX LP reported better-than-expected Q4 results, with earnings and sales surpassing market estimates.
Positive earnings reports typically lead to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Taiwan Semiconductor saw a 7.9% revenue growth but Jim Cramer advised caution on buying the stock on the first dip.
Cramer's caution suggests uncertainty about the immediate stock price direction, potentially leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Celestica reported better-than-expected financial results, but Jim Cramer recommended selling a third of the holdings.
A recommendation to sell shares, even partially, can lead to negative sentiment and potentially lower stock prices in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85