Jim Cramer Says No To This Health Care Stock, Recommends Holding On To Constellation Energy: 'It's Up A Huge Amount'
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several stocks on CNBC's 'Mad Money Lightning Round,' recommending holding Constellation Energy (CEG) and buying Bank of America (BAC). He advised against Illumina (ILMN) but favored Danaher (DHR). Cramer also commented on Meta Platforms (META), ICICI Bank (IBN), and Organon (OGN).
July 30, 2024 | 12:48 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer advised against investing in Illumina, Inc. (ILMN) ahead of its Q2 results announcement.
Cramer's negative sentiment and the upcoming earnings report could lead to short-term downward pressure on ILMN's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer noted that Meta Platforms (META) has risen significantly, leading investors to sell and buy smaller stocks.
Cramer's observation suggests a neutral short-term impact as investors may rotate out of META into smaller stocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer recommended buying Bank of America (BAC) stock, highlighting its low valuation and recent $25 billion stock repurchase program.
Cramer's recommendation, combined with the stock repurchase program and dividend increase, could positively impact BAC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer recommended holding Constellation Energy (CEG), noting its strong performance compared to other stocks.
Cramer's positive sentiment and the stock's strong performance could lead to continued investor confidence in CEG.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer expressed a positive view on Danaher Corporation (DHR).
Cramer's positive sentiment could lead to a short-term boost in DHR's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Jim Cramer recommended ICICI Bank (IBN) as a good way to gain exposure to India.
Cramer's positive sentiment could lead to increased interest and a short-term boost in IBN's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Jim Cramer mentioned that Organon & Co. (OGN) is quietly going higher and is likely not done.
Cramer's positive sentiment and the upcoming earnings report could lead to a short-term boost in OGN's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70