'An Irrelevant Company': Jim Cramer Says Snap Is 'Not Investable'
Portfolio Pulse from Avi Kapoor
Jim Cramer provided stock recommendations on CNBC's 'Mad Money Lightning Round.' He recommended buying Applied Materials (AMAT) and expressed negative views on Snap (SNAP), Aflac (AFL), Albemarle (ALB), Elevance Health (ELV), and Main Street Capital (MAIN). He preferred Chubb (CB) over Aflac in the insurance sector and UnitedHealth Group (UNH) over Elevance Health. He also commented on Alibaba (ABBA) as an 'incredibly cheap stock.'
August 13, 2024 | 12:50 pm
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POSITIVE IMPACT
Jim Cramer recommended buying Applied Materials, citing the company's strong performance despite concerns over its business in China.
Cramer's positive recommendation and the company's recent 1% gain suggest a favorable short-term impact on AMAT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Jim Cramer called Alibaba an 'incredibly cheap stock' but noted that it often faces negative reactions post-earnings.
While Cramer sees value in Alibaba, his caution about post-earnings sell-offs suggests a neutral short-term impact on ABBA's stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer expressed a lack of enthusiasm for Aflac, preferring Chubb in the insurance sector.
Cramer's preference for Chubb over Aflac may lead to a negative short-term impact on AFL's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer advised steering clear of Albemarle.
Cramer's advice to avoid Albemarle is likely to contribute to a negative short-term impact on ALB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer prefers UnitedHealth Group over Elevance Health, calling UNH the 'cream of the crop.'
Cramer's preference for UNH over ELV may lead to a negative short-term impact on ELV's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer expressed distrust in business development companies, including Main Street Capital.
Cramer's distrust in business development companies is likely to negatively impact MAIN's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer stated that Snap is 'not investable' and called it an 'irrelevant company.'
Cramer's strong negative opinion is likely to put downward pressure on SNAP's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100