Jim Cramer Says He's 'Going To Have To Wait' On SoFi, But Recommends This 'Great Little Industrial Company'
Portfolio Pulse from Avi Kapoor
Jim Cramer provided his insights on various stocks during CNBC's 'Mad Money Lightning Round.' He recommended staying away from Twilio (TWLO) and Unity Software (U), while expressing a preference for Constellation Energy (CEG) over Vistra Corp. (VST). He also recommended H.B. Fuller (FUL) as a 'great little industrial company' and advised caution on SoFi Technologies (SOFI) and Novavax (NVAX).
June 17, 2024 | 12:39 pm
News sentiment analysis
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NEGATIVE IMPACT
Cramer is cautious about Novavax, noting that COVID-related stocks are not making much money. Novavax recently submitted an application to the FDA for an updated COVID-19 vaccine.
Cramer's caution and the general market sentiment towards COVID-related stocks suggest a negative short-term impact on Novavax's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Cramer is cautious about SoFi Technologies, citing a disappointing last quarter. The company recently appointed a new general counsel.
Cramer's caution and the recent disappointing quarter suggest a negative short-term impact on SoFi Technologies' stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
NEGATIVE IMPACT
Jim Cramer cannot recommend Twilio, and Morgan Stanley downgraded the stock from Overweight to Equal-Weight, lowering its price target from $70 to $60.
The downgrade by Morgan Stanley and Cramer's lack of recommendation are likely to negatively impact Twilio's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cramer advises staying away from Unity Software, describing it as a 'falling knife.' Stifel analyst recently lowered the price target from $30 to $25.
Cramer's strong warning and the lowered price target by Stifel suggest a negative short-term impact on Unity Software's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Cramer views Vistra Corp. as a momentum stock that may struggle with recent drops but acknowledges its position in the energy market.
While Cramer acknowledges the potential struggles, he also sees value in Vistra's market position, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cramer prefers Constellation Energy over Vistra Corp., indicating a positive outlook for the company.
Cramer's preference for Constellation Energy over Vistra Corp. suggests a positive short-term impact on CEG's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Cramer recommends H.B. Fuller as a 'great little industrial company.' The company is expected to report its financial results on June 26.
Cramer's strong recommendation and the upcoming financial results are likely to positively impact H.B. Fuller's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100