'Insane Night:' Jim Cramer Praises Amazon's 'Spectacular' Q1, Says Skyworks Will 'Hammer Apple' While Supermicro Got 'Whacked' Despite Good March Quarter
Portfolio Pulse from Rounak Jain
Jim Cramer praised Amazon's Q1 performance as 'spectacular', highlighting momentum in EPS, free cash flow, gross margins, and AWS orders. He noted Super Micro Computer and AMD faced challenges despite good performances, and predicted Skyworks Solutions would impact Apple negatively. Amazon's AI and AWS businesses showed significant revenue, AMD's Q1 exceeded expectations with record data center revenue, but faced lower future revenue guidance. Skyworks exceeded Q2 earnings expectations, yet faced analyst forecast cuts.
May 01, 2024 | 1:56 pm
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POSITIVE IMPACT
Amazon's Q1 performance was highlighted as 'spectacular' by Jim Cramer, with significant momentum in various financial metrics and AWS orders.
Cramer's positive remarks on Amazon's Q1 performance, especially the growth in AWS, suggest a bullish outlook for AMZN in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
Skyworks Solutions is predicted to negatively impact Apple, despite better-than-expected Q2 earnings, facing analyst forecast cuts.
While Skyworks had positive Q2 earnings, the prediction of negatively impacting Apple and facing analyst forecast cuts creates uncertainty for its short-term stock direction.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Apple is expected to be negatively impacted by Skyworks Solutions' performance, as predicted by Jim Cramer.
The prediction by Cramer that Skyworks will negatively impact Apple suggests potential short-term challenges for AAPL's stock price.
CONFIDENCE 65
IMPORTANCE 75
RELEVANCE 50
NEGATIVE IMPACT
AMD was hit hard despite good accelerated computing performance and slightly better than expected Q1 results, facing lower future revenue guidance.
AMD's stock retreated in after-hours trading likely due to lower future revenue guidance, despite a good Q1, indicating potential short-term price pressure.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 80
NEGATIVE IMPACT
Despite a good quarter, Super Micro Computer was noted to have a tough night, indicating potential short-term market challenges.
Cramer's comments suggest that despite positive performance, external factors or market perceptions could negatively impact SMCI's short-term stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70