Jim Cramer Recommends Buying Clorox: 'CEO Has Done Remarkable Job'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying Clorox due to the CEO's performance, while expressing mixed opinions on other companies like GlobalFoundries, SentinelOne, Delta Air Lines, Alphabet, and Ferrari. Clorox reported strong earnings, while GlobalFoundries and Delta faced challenges. Ferrari and SentinelOne showed positive movements.
August 15, 2024 | 12:54 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer is not recommending any airlines, including Delta Air Lines. Delta expects a $380 million revenue impact due to recent operational disruptions.
Cramer's lack of recommendation and the significant expected revenue impact are likely to negatively affect Delta's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Jim Cramer is not favorable towards GlobalFoundries, preferring Taiwan Semi for foundry investments. GlobalFoundries reported a revenue decline of 12% year-on-year.
Cramer's negative view and the reported revenue decline are likely to put downward pressure on GlobalFoundries' stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Jim Cramer considers Alphabet his least favorite of the Mag Seven, citing poor company management. Alphabet shares fell following a report on a potential breakup by the Justice Department.
Cramer's negative view and the potential breakup news are likely to create downward pressure on Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer recommends buying Clorox due to the CEO's strong performance. Clorox reported quarterly earnings of $1.82 per share, beating estimates.
Cramer's positive recommendation and Clorox's strong earnings report are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer advises taking out the cost basis and letting the rest run for Ferrari. Ferrari reported strong earnings and revenue, beating estimates.
Cramer's advice and Ferrari's strong earnings report are likely to positively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer supports SentinelOne for a trade as it is picking up some business. SentinelOne will release its financial results for Q2 2025 soon.
Cramer's support for a trade and the upcoming financial results could create short-term positive momentum for SentinelOne's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70