Jim Cramer: This Tech Stock Is 'Absolutely Terrific,' But Jumia? It's Not Making A Lot Of Money
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round.' He expressed concerns about Jumia Technologies AG (NYSE:JMIA) not making a lot of money, despite a Buy rating from Benchmark analyst Fawne Jiang. Cramer recommended buying Trade Desk (TTD) over Adeia Inc. (NASDAQ:ADEA), which will report earnings on Aug. 6. He praised Broadcom Inc. (NASDAQ:AVGO) as 'absolutely terrific' and mentioned Hecla Mining Company (NYSE:HL) positively. Cramer also recommended AeroVironment, Inc. (NASDAQ:AVAV).
July 25, 2024 | 1:01 pm
News sentiment analysis
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POSITIVE IMPACT
Cramer recommended buying AeroVironment, Inc., noting that 'drones work.'
Cramer's recommendation and the recent addition of a new VP of Marketing and Communications suggest potential short-term upward pressure.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Cramer praised Broadcom Inc. as 'absolutely terrific,' despite a recent 7.6% drop in its stock price.
Cramer's positive sentiment and the Overweight rating from Cantor Fitzgerald suggest potential short-term upward pressure despite the recent drop.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Cramer mentioned Hecla Mining Company positively, noting that gold stocks are currently performing well.
Cramer's positive sentiment and the current performance of gold stocks suggest potential short-term upward pressure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Cramer recommended buying Trade Desk (TTD) over Adeia Inc., which will report earnings on Aug. 6.
Cramer's preference for TTD over ADEA and the recent 3.6% drop in ADEA's stock price suggest potential short-term downward pressure.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer expressed concerns about Jumia Technologies AG not making a lot of money, despite a Buy rating from Benchmark analyst Fawne Jiang.
Cramer's negative sentiment and the recent 11.3% dip in JMIA's stock price suggest potential short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100