Super Micro Computer Has 'Gotten Too Hot,' Says Jim Cramer After Stock Gains Over 276% This Year: 'I've Got To Pullback On This One'
Portfolio Pulse from Benzinga Neuro
Jim Cramer expressed caution on Super Micro Computer (SMCI) due to its significant stock rally of over 276% this year, advising a pullback. He also commented on Confluent (CFLT), Chewy (CHWY), On Holding (ONON), and Indie Semiconductor (INDI), offering varied advice ranging from waiting out financial issues to expressing confidence or lack thereof in their market positions.
March 05, 2024 | 4:17 am
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NEGATIVE IMPACT
Cramer suggested waiting on Confluent due to financial issues, indicating a cautious stance on the stock.
Cramer's advice to wait on Confluent due to financial issues could lead to short-term bearish sentiment as investors may avoid the stock until clearer financial improvements are evident.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cramer was less enthusiastic about Indie Semiconductor, citing its late entry to the auto and ADAS markets.
Cramer's lack of enthusiasm for Indie Semiconductor, due to its late entry into the auto and ADAS markets, could lead to short-term bearish sentiment as investors might reconsider the stock's growth potential.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer advised caution on Super Micro Computer, suggesting the stock has become too hot after a 276% rally this year.
Cramer's caution and advice to pull back on SMCI, especially after a significant rally, could lead to short-term selling pressure as investors might consider taking profits.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cramer believes Chewy is bottoming out, indicating a potential turnaround for the stock.
Cramer's belief that Chewy is bottoming out could signal a short-term bullish sentiment, as investors might see this as an opportunity to buy into the stock at a low point before a potential recovery.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 70
POSITIVE IMPACT
Cramer expressed confidence in On Holding, suggesting continued interest in the stock.
Cramer's vote of confidence in On Holding and advice to stay interested could lead to short-term bullish sentiment, as his positive outlook may encourage investors to maintain or increase their positions.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70