Jim Cramer Says 'We're In A Recessionless Recession,' Points To Uber And Other Strong Corporate Earnings As Reassuring Sign
Portfolio Pulse from Benzinga Neuro
Jim Cramer suggests that despite market turmoil, strong corporate earnings from companies like Uber, Caterpillar, and others indicate that the U.S. is not heading into a serious recession.
August 07, 2024 | 3:48 am
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POSITIVE IMPACT
Builders FirstSource, Inc. reported strong earnings, which Jim Cramer highlights as a positive sign for the economy.
The strong earnings report from Builders FirstSource supports the notion of economic resilience, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Caterpillar Inc. reported strong earnings, exceeding expectations, which Jim Cramer cites as evidence against an imminent recession.
Caterpillar's strong earnings performance is a key indicator used by Jim Cramer to argue against a serious recession, likely boosting investor confidence in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Planet Fitness Inc. reported strong earnings, which Jim Cramer highlights as a sign of economic resilience.
The strong earnings report from Planet Fitness supports the notion of economic resilience, likely leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Molson Coors Beverage Co reported strong earnings, which Jim Cramer uses to argue against an imminent recession.
Molson Coors' strong earnings performance is a positive indicator for the economy, likely leading to a short-term positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Uber Technologies Inc. reported encouraging earnings, contributing to Jim Cramer's view that the economy is not heading into a serious recession.
Uber's positive earnings report is seen as a sign of economic strength, likely leading to a short-term boost in its stock price.
CONFIDENCE 88
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
Yum! Brands, Inc. reported strong earnings, contributing to Jim Cramer's view that the economy is not heading into a serious recession.
Yum! Brands' positive earnings report is seen as a sign of economic strength, likely leading to a short-term boost in its stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70