Oklo Is 'Too Risky,' Jim Cramer Says: Buy This General Electric Spinoff Instead
Portfolio Pulse from Avi Kapoor
Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He advised buying ServiceNow (NYSE:NOW) and GE Vernova (NYSE:GEV) while labeling Oklo Inc. (NYSE:OKLO) as 'too risky.' He also mentioned Canopy Growth Corporation (NASDAQ:CGC) as a speculative play on cannabis and expressed uncertainty about Safehold Inc. (NYSE:SAFE). Matterport, Inc. (NASDAQ:MTTR) was dismissed as 'done.'
May 16, 2024 | 12:48 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer recommends GE Vernova (NYSE:GEV) as a safer alternative to Oklo Inc.
Cramer's recommendation of GE Vernova as a safer alternative to Oklo is likely to attract risk-averse investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Jim Cramer recommends buying ServiceNow, Inc. (NYSE:NOW) and highlights its recent strategic expansion with Equinix.
Cramer's positive recommendation and the recent strategic expansion with Equinix are likely to boost investor confidence in ServiceNow.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer mentions Canopy Growth Corporation (NASDAQ:CGC) as a speculative play on cannabis.
Cramer's mention of Canopy Growth as a speculative play may attract some risk-tolerant investors, but the impact is likely to be neutral.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Jim Cramer expresses uncertainty about Safehold Inc. (NYSE:SAFE) despite its strong Q1 earnings.
Cramer's uncertainty about Safehold, despite strong earnings, may lead to mixed investor sentiment, resulting in a neutral impact.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 40
NEGATIVE IMPACT
Jim Cramer dismisses Matterport, Inc. (NASDAQ:MTTR) as 'done' despite its narrower-than-expected Q1 loss.
Cramer's dismissal of Matterport as 'done' is likely to negatively impact investor sentiment, despite the company's better-than-expected Q1 loss.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Jim Cramer labels Oklo Inc. (NYSE:OKLO) as 'too risky' despite its recent partnership with Atomic Alchemy Inc.
Cramer's negative view on Oklo, despite its new partnership, is likely to deter investors and put downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70