Jim Cramer Says This Retailer Yields 3%: 'Which Is Quite Good'
Portfolio Pulse from Avi Kapoor
Jim Cramer discusses several stocks on CNBC's 'Mad Money Lightning Round.' He praises Target's strong quarterly results and 3% yield, highlights Zoetis' better-than-expected earnings and raised guidance, and comments on PROCEPT BioRobotics and Consolidated Edison. Target and Zoetis had positive earnings reports, while PROCEPT BioRobotics and Consolidated Edison also showed notable performance.
September 04, 2024 | 12:44 pm
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POSITIVE IMPACT
Consolidated Edison reported earnings and sales that beat expectations, with shares rising 1.7%.
Consolidated Edison's earnings and sales beat expectations, leading to a positive market reaction and a 1.7% increase in share price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Target reported strong Q2 results, beating earnings and sales expectations, and raised its full-year profit outlook. Despite this, shares fell 1.2%.
Target's strong earnings and sales performance, along with a raised profit outlook, suggest positive future prospects. The 1.2% share price drop may be a short-term reaction, but the fundamentals indicate potential upward movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Zoetis reported better-than-expected Q2 results and raised its 2024 guidance, leading to a slight share price increase.
Zoetis' strong earnings and raised guidance indicate positive future performance, supporting a potential upward trend in its stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 80
NEUTRAL IMPACT
PROCEPT BioRobotics shares fell 5% despite a positive analyst rating and increased price target.
Despite a positive analyst rating and increased price target, the 5% drop suggests market volatility or profit-taking. The long-term outlook remains positive.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70