Cramer Says This Healthcare Stock Can Go Higher, Calls Manhattan Associates 'A Winner'
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed various healthcare and technology stocks on CNBC's 'Mad Money Lightning Round,' highlighting GE HealthCare Technologies Inc. (GEHC) as a stock that can go higher. He also mentioned BWX Technologies, Inc. (BWXT), QUALCOMM Incorporated (QCOM), Pure Storage, Inc. (PSTG), Manhattan Associates, Inc. (MANH), Ares Capital Corporation (ARCC), and Coherent Corp. (COHR), providing insights into their recent financial results, stock movements, and his personal opinions on their investment potential.
March 11, 2024 | 12:40 pm
News sentiment analysis
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POSITIVE IMPACT
GE HealthCare Technologies Inc. is highlighted by Jim Cramer as a stock with potential to go higher, following a secondary public offering of 13 million shares.
Cramer's endorsement and the recent secondary public offering could increase investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Manhattan Associates, Inc. reported better-than-expected fourth-quarter results, with Cramer calling the company 'very, very good' and a 'winner.'
The positive assessment by Cramer, combined with strong fourth-quarter results, could enhance investor sentiment and contribute to a positive short-term price movement for Manhattan Associates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
POSITIVE IMPACT
Pure Storage, Inc. reported better-than-expected fourth-quarter financial results and issued positive revenue guidance, earning praise from Cramer as a 'winner.'
Positive financial results and revenue guidance from Pure Storage, coupled with Cramer's endorsement, are likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85
NEUTRAL IMPACT
Ares Capital Corporation posted better-than-expected quarterly earnings, but Cramer expressed uncertainty about the company's holdings despite acknowledging its good run.
Although Ares Capital's earnings were better than expected, Cramer's uncertainty about its holdings may create mixed feelings among investors, likely resulting in a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
BWX Technologies, Inc. reported better-than-expected fourth-quarter financial results, but Cramer prefers Vernova, a spin-off by GE, for exposure to the nuclear sector.
While BWXT's positive financial results are encouraging, Cramer's preference for Vernova over BWXT could influence investor sentiment but may not have a direct short-term impact on BWXT's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Coherent Corp. announced the retirement of CEO Vincent D. Mattera, Jr., with Cramer advising to wait for a pullback despite acknowledging the stock's 'mojo.'
Cramer's advice to wait for a pullback, despite positive sentiment towards Coherent's momentum, suggests a cautious approach that may lead to a neutral short-term impact on the stock price.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
QUALCOMM Incorporated increased its quarterly cash dividend, but Jim Cramer expressed concerns over the stock's valuation, calling it a 'quandary.'
Cramer's skepticism about QUALCOMM's valuation, despite the dividend increase, could lead to negative sentiment among investors, potentially impacting the stock price negatively in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80