Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A 'Great Infrastructure Play'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying PNC Financial Services and calls MasTec a 'great infrastructure play.' He also comments on Energy Fuels, Core Scientific, and Workday. PNC launched a scholarship program, and MasTec priced a $550 million public offering. Energy Fuels was downgraded by Roth MKM.
June 06, 2024 | 12:53 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer describes Energy Fuels as a 'momentum' stock. However, Roth MKM downgraded the stock from Buy to Neutral and lowered the price target.
Despite Cramer's positive description, the downgrade by Roth MKM is likely to negatively impact the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer expresses a preference for Bitcoin and Ethereum over Core Scientific. Core Scientific released unaudited production and operations updates for May 2024.
Cramer's preference for cryptocurrencies over Core Scientific may neutralize the impact of the company's operational updates.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer is cautious about Workday, stating that the enterprise software sector is not performing well. Workday recently reported better-than-expected earnings and sales.
Despite strong earnings, Cramer's cautious stance on the enterprise software sector may lead to a neutral impact on Workday's stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer calls MasTec a 'great infrastructure play.' MasTec also priced a $550 million public offering of senior notes due 2029.
Cramer's positive comments and the successful pricing of senior notes are likely to positively impact MasTec's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommends buying PNC Financial Services, predicting it will reach an all-time high. PNC also launched a $120,000 scholarship program.
Cramer's positive recommendation and the launch of a scholarship program are likely to boost investor confidence and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100