Jim Cramer Says RTX Is His Favorite Defense Stock, Likes This Semiconductor Stock That 'Has Come Down A Great Deal'
Portfolio Pulse from Avi Kapoor
Jim Cramer expressed his views on several stocks on CNBC's 'Mad Money Lightning Round.' He favors RTX Corporation as his top defense stock and is optimistic about Arm Holdings, which he believes is accelerating despite a price drop. Cramer also sees Energy Transfer's dividend as safe and recommends buying Paychex, Inc. for its yield.
August 28, 2024 | 12:07 pm
News sentiment analysis
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NEUTRAL IMPACT
Cramer believes Energy Transfer's dividend is safe and the stock is inexpensive. A recent secondary public offering may impact short-term price.
While Cramer is positive about ET's dividend, the secondary offering could create short-term price pressure, balancing the outlook.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer likes Arm Holdings, noting its business is accelerating despite a recent price drop. Bernstein upgraded the stock with a higher price target.
Cramer's positive remarks and Bernstein's upgrade suggest a favorable short-term outlook for Arm Holdings, likely boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cramer recommends buying Paychex for its 3% yield, suggesting to buy more if analysts lower the price. JPMorgan recently raised its price target.
Cramer's recommendation and JPMorgan's raised price target suggest a positive short-term outlook for Paychex, likely attracting yield-seeking investors.
CONFIDENCE 90
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
RTX is Cramer's favorite defense stock. The company reported strong Q2 results and raised its 2024 outlook, indicating positive momentum.
Cramer's endorsement, coupled with strong earnings and an improved outlook, suggests a positive short-term impact on RTX's stock price.
CONFIDENCE 95
IMPORTANCE 75
RELEVANCE 85