This Tech Company Is One Of Cramer's 'Absolute Stocks... If It Gets Hit, Buy More'
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' recommending Carvana (CVNA) for buying on pullbacks, advising against AMN Healthcare Services (AMN) due to its battle-like status, endorsing Public Storage (PSA) for its smart operations, withholding recommendation on Vistra Corp. (VST) pending further study, dismissing HubSpot (HUBS) in favor of Salesforce (CRM), and highlighting Cloudflare (NET) as an 'absolute stock' to hold and buy more if it dips. Financial results and stock price movements for these companies were also mentioned.
February 27, 2024 | 2:03 pm
News sentiment analysis
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NEGATIVE IMPACT
Cramer advises against AMN Healthcare Services due to its uncertain outlook, despite a recent 1.8% stock increase.
Given Cramer's caution and the company's below-estimate revenue guidance, short-term sentiment could be negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Cramer prefers Salesforce over HubSpot, despite HubSpot's strong financial results and guidance, and a recent 0.3% stock increase.
Cramer's preference for Salesforce over HubSpot, despite the latter's positive performance, indicates a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Cramer withholds recommendation on Vistra Corp. pending further study, despite a recent dividend announcement and a 0.3% stock rise.
Cramer's hesitation to recommend VST, despite positive dividend news, suggests a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cramer recommends buying Carvana on pullbacks despite its Q4 revenue miss and larger-than-expected loss. The stock gained 0.9% recently.
Cramer's endorsement, despite the earnings miss, suggests investor confidence could boost the stock, especially during pullbacks.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cramer labels Cloudflare as an 'absolute stock,' advising to hold and buy more on dips, following strong financial results. The stock gained 0.6%.
Cramer's strong endorsement and the company's positive financial performance suggest a bullish short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 95
POSITIVE IMPACT
Cramer is bullish on Public Storage, praising its management and recommending buying, despite a recent 2.2% stock decline.
Cramer's positive view on management and operations, alongside better-than-expected earnings, could drive investor interest.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90