Jim Cramer: Beyond Meat Is 'Way Too Risky,' Warby Parker Is 'Alright To Buy'
Portfolio Pulse from Avi Kapoor
Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He suggested Warby Parker (WRBY) is a buy, while Beyond Meat (BYND) is too risky. Riot Platforms (RIOT) should be avoided in favor of direct cryptocurrency investments. Advanced Micro Devices (AMD) is a good buy under $150, but lacks some advantages compared to Nvidia (NVDA).
May 31, 2024 | 12:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Jim Cramer advised against owning Beyond Meat, citing it as 'way too risky.' The company reported a significant revenue decline and missed EPS estimates.
Cramer's negative outlook, combined with poor financial performance, is likely to deter investors and put downward pressure on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer recommended avoiding Riot Platforms, suggesting direct investment in Bitcoin or Ethereum instead. Riot recently proposed acquiring Bitfarms and holds a 9.25% stake.
Cramer's preference for direct cryptocurrency investment over Riot Platforms may lead to reduced investor interest in RIOT, potentially impacting its stock price negatively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer mentioned that while AMD is good, it doesn't have what Nvidia has. This implies Nvidia's competitive edge in certain areas.
Cramer's comment suggests Nvidia's competitive advantage, but it doesn't provide a strong buy or sell signal. The impact on Nvidia's stock price is likely neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Jim Cramer stated that Advanced Micro Devices is a good buy under $150. AMD is likely to expand its partnership with Samsung for 3-nanometer chip technology.
Cramer's positive outlook and the potential expansion of AMD's partnership with Samsung are likely to boost investor confidence and support the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommended Warby Parker as a buy. The company reported strong Q1 results and raised its FY24 revenue guidance.
Cramer's positive recommendation, coupled with strong financial performance and raised guidance, is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100