Jim Cramer Praises L3Harris Technologies, Says Intel Is 'Getting Whacked' By AMD: 'I Much Prefer...'
Portfolio Pulse from Avi Kapoor
Jim Cramer shared his views on several stocks, recommending buying Micron Technology and selling some Iron Mountain shares. He praised L3Harris Technologies and Crane Company, while expressing concerns about Intel's performance against AMD. Cramer also mentioned Devon Energy and Arm Holdings.
August 23, 2024 | 12:43 pm
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer notes Intel is struggling against AMD, with recent earnings missing estimates and a cost-reduction plan announced.
Intel's missed earnings and competition from AMD, along with a cost-reduction plan, suggest potential challenges ahead.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 85
NEGATIVE IMPACT
Cramer suggests selling some Iron Mountain shares after better-than-expected earnings and dividend increase.
Despite strong earnings and a dividend increase, Cramer's advice to sell some shares may indicate concerns about future performance.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 75
NEUTRAL IMPACT
Cramer mentions owning Devon Energy but advises caution despite recent earnings beat.
Cramer's cautious stance despite positive earnings suggests a neutral outlook for Devon Energy.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Jim Cramer describes L3Harris Technologies as 'terrific' despite a recent downgrade by RBC Capital.
Cramer's positive view contrasts with a recent downgrade, creating mixed signals for investors.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Jim Cramer praises Crane Company as a well-run company with a successful pivot, despite a slight share price drop.
Cramer's positive comments on Crane's management and strategy could boost investor confidence, despite a minor share price drop.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer recommends buying Micron Technology, despite a recent price drop. Analyst Mehdi Hosseini maintains a Positive rating but lowers the price target.
Cramer's recommendation to buy and the maintained Positive rating by an analyst suggest potential positive sentiment, despite a lowered price target.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80