Jim Cramer Likes This Energy Stock With 4% Yield, Recommends Buying DraftKings
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying DraftKings and highlights several other stocks on CNBC's 'Mad Money Lightning Round.' He praises BlackRock, Nextracker, Micron Technology, ConocoPhillips, and Chevron, while expressing disappointment in Portillo's. Cramer also mentions Pan American Silver as the 'cheapest' silver stock but prefers gold.
June 12, 2024 | 1:07 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer calls BlackRock 'ridiculously inexpensive' considering its future prospects. The company recently completed the acquisition of SpiderRock Advisors.
Cramer's positive outlook on BlackRock, combined with the recent acquisition, is likely to enhance investor confidence and support short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer likes Chevron for its 4% yield. Hess shareholders recently approved a $53 billion merger with Chevron.
Cramer's positive view on Chevron's yield and the recent merger approval are likely to enhance investor sentiment and support short-term price gains.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer recommends buying DraftKings, stating he is not worried about Illinois and believes the company is in good shape.
Cramer's positive recommendation and confidence in DraftKings' prospects are likely to boost investor sentiment and drive short-term price gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer believes Micron Technology is 'going much higher.' UBS analyst recently raised the price target from $125 to $155.
Cramer's bullish stance and the recent price target increase by UBS are likely to boost investor confidence and drive short-term price gains.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer describes Nextracker as 'terrific.' The company will replace Grocery Outlet Holding Corp. in the S&P MidCap 400.
Cramer's positive remarks and the inclusion in the S&P MidCap 400 are likely to attract investor interest and drive short-term price gains.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
NEUTRAL IMPACT
Jim Cramer recommends owning ConocoPhillips if one must own an oil company. Mizuho analyst recently maintained a Neutral rating but lowered the price target.
Cramer's recommendation is somewhat offset by the recent price target reduction by Mizuho, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Jim Cramer calls Pan American Silver the 'cheapest' silver stock but prefers gold. The company recently posted a profit for its first quarter.
Cramer's mixed remarks and the recent profit posting create a neutral short-term impact, balancing positive and negative sentiments.
CONFIDENCE 75
IMPORTANCE 65
RELEVANCE 60
NEGATIVE IMPACT
Jim Cramer expresses disappointment in Portillo's, calling it a 'giant let down.' The company's COO will depart effective June 30.
Cramer's negative remarks and the upcoming departure of the COO are likely to weigh on investor sentiment and drive short-term price declines.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70