Jim Cramer: This PC Maker Is A 'Good Stock To Own', Okta Is 'Terrific'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommended buying Dell Technologies Inc. (DELL), praising it as a good stock to own. He also highlighted Okta, Inc. (OKTA) as 'terrific' and advised buying more Nextracker Inc. (NASDAQ:NXT). Cramer suggested a buyback from Ford Motor Company (NYSE:F) for improvement and recommended selling Matterport, Inc. (NASDAQ:MTTR) shares. Dell is expanding its edge partner ecosystem, Ford is recalling Maverick vehicles, Okta is set to release financial results, and Nextracker will announce its financial results soon. Matterport's acquisition by CoStar Group led to a cancellation of its earnings call.
May 02, 2024 | 1:00 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer recommended Dell Technologies Inc. as a good stock to own, and the company is expanding its ecosystem with Hyundai AutoEver and Intel.
Cramer's endorsement and the company's expansion efforts could lead to increased investor confidence and potential stock price growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer recommended buying more Nextracker Inc., which is set to announce its financial results soon, indicating potential for growth.
Cramer's recommendation and the anticipation of financial results could drive investor interest and positively impact the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Jim Cramer finds Okta, Inc. terrific, with upcoming financial results and bullish options activity indicating potential growth.
Cramer's positive outlook, combined with bullish options activity and upcoming financial results, suggests potential for stock price appreciation.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
Jim Cramer suggested Ford Motor Company needs a buyback for improvement. Ford is also recalling Maverick vehicles due to tail light issues.
The call for a buyback and the recall news could have mixed impacts, potentially stabilizing the stock price as investors await further actions.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer suggested selling Matterport, Inc. shares as it's being acquired by CoStar Group, leading to a cancellation of its earnings call.
The acquisition by CoStar Group and the cancellation of the earnings call could lead to uncertainty, prompting Cramer's sell recommendation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90