Cramer Isn't 'Knocking' This Pharma Firm Anymore: 'As A Matter Of Fact, I'm Going In'
Portfolio Pulse from Avi Kapoor
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' discussed various companies, recommending buying Arm Holdings and Unity Software due to leadership and partnership news, respectively. He expressed bullishness on Uber Technologies following a lawsuit settlement and changed his stance on Teva Pharmaceutical, citing its improvement and valuation. Cramer advised holding General Electric and preferred Lilly over Novo Nordisk due to upcoming drug news. He was less favorable towards Comstock Resources, suggesting Coterra as a better option, and remained neutral on JPMorgan Chase & Co. and SoundHound AI following analyst downgrades.
March 25, 2024 | 1:05 pm
News sentiment analysis
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POSITIVE IMPACT
Cramer recommended buying Arm Holdings plc, which recently signed a MoU with Intel for IP & manufacturing support.
The recommendation by Cramer and the strategic MoU with Intel could drive positive sentiment and investor interest in ARM, potentially boosting its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cramer, changing his stance on Teva Pharmaceutical, now sees it as a buy due to its improvement and valuation.
Cramer's changed stance and the recent upgrade by JPMorgan analyst could lead to increased investor interest in Teva, potentially driving its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Cramer changed his stance on Unity Software, now recommending buying due to leadership change with Jim Whitehurst.
The leadership change at Unity Software, with Jim Whitehurst's track record, could instill investor confidence, potentially leading to a short-term increase in its stock price.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Cramer is very bullish on Uber Technologies following a lawsuit settlement in Australia.
The settlement of the lawsuit could remove a significant legal overhang for Uber, potentially leading to improved investor sentiment and a short-term uptick in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
Cramer advises holding General Electric, suggesting buying more if the price drops, citing its long-term potential.
Cramer's advice to hold and potentially buy more of GE on dips indicates a neutral short-term impact but acknowledges the company's long-term potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Cramer less favorable towards Comstock Resources, suggesting Coterra as a better option, despite Comstock's equity investment news.
Cramer's preference for Coterra over Comstock Resources, despite the latter's significant equity investment, could negatively impact investor sentiment towards CRK in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Cramer remains neutral on SoundHound AI following an analyst downgrade, impacting its stock price negatively.
The analyst downgrade and Cramer's neutral stance could continue to pressure SoundHound AI's stock price in the short term, reflecting negative investor sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 85