Jim Cramer Says Don't Sell This Beauty Brand, Believes KKR And Blackstone 'Can Make More Money'
Portfolio Pulse from Avi Kapoor
Jim Cramer, on CNBC's 'Mad Money Lightning Round,' recommended several stocks, highlighting their recent performances and strategic moves. Energy Transfer LP (ET) exceeded Q4 earnings expectations. KKR & Co. Inc. (KKR) and Blackstone (BX) are on a significant run, with substantial assets under management and a new partnership in South Korea. Rio Tinto Group (RIO) reported a slight decline in sales revenue but beat consensus. Becton, Dickinson and Company (BDX) increased syringe production in the U.S. California Resources Corporation (CRC) nominated a new board member, while Cramer preferred Constellation Energy (STZ). e.l.f. Beauty, Inc. (ELF) received a buy rating from DA Davidson. Pure Storage, Inc. (PSTG) was initiated with a buy rating by Citigroup. Samsara Inc. (IOT) reported strong Q4 results. Coherent Corp. (COHR) exceeded Q2 expectations. New Fortress Energy Inc. (NFE) was recommended by Cramer, praising CEO Wes Edens.
March 26, 2024 | 12:54 pm
News sentiment analysis
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NEUTRAL IMPACT
Rio Tinto Group reported a slight decline in sales revenue but exceeded consensus, indicating resilience.
Beating sales consensus despite a revenue decline shows operational strength, but the EPS miss may temper investor enthusiasm.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Becton, Dickinson and Company increased U.S. syringe production, responding to FDA recommendations, indicating proactive management.
Increasing production in response to FDA recommendations demonstrates adaptability and could positively impact stock.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Blackstone, with over $1 trillion in assets under management, is experiencing a big run, indicating strong market position.
A strong asset base and market performance typically attract investor interest, potentially driving up the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Coherent Corp. exceeded Q2 financial expectations and revised FY24 guidance upwards, indicating positive momentum.
Surpassing financial expectations and revising guidance upwards are strong indicators of positive momentum, likely benefiting the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
e.l.f. Beauty, Inc. received a buy rating and a $220 price target from DA Davidson, indicating strong analyst confidence.
A buy rating and high price target reflect strong analyst confidence in ELF's potential, likely positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Energy Transfer LP exceeded Q4 earnings expectations, indicating strong financial performance.
Exceeding earnings expectations typically leads to positive investor sentiment and potential stock price increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Samsara Inc. reported better-than-expected Q4 results and strong FY25 guidance, indicating robust growth.
Exceeding Q4 expectations and issuing strong guidance highlight Samsara's growth trajectory, likely attracting investor interest.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
KKR & Co. Inc. is on a significant run, with a strategic partnership in South Korea, indicating potential for further growth.
Strategic partnerships and asset management growth suggest positive future performance, likely boosting investor confidence.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
New Fortress Energy Inc. was recommended by Jim Cramer, praising CEO Wes Edens, indicating confidence in the company's leadership.
Cramer's endorsement and praise for the CEO suggest strong leadership and potential for positive stock performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Pure Storage, Inc. was initiated with a buy rating and a $65 price target by Citigroup, indicating positive growth prospects.
A buy rating and optimistic price target suggest Citigroup sees strong growth potential for PSTG, likely boosting investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer prefers Constellation Energy over California Resources Corporation, indicating a favorable outlook for STZ.
Cramer's preference for STZ over CRC could influence investor sentiment, potentially benefiting STZ's stock price.
CONFIDENCE 75
IMPORTANCE 55
RELEVANCE 60