Jim Cramer Says AES Is 'Very Inexpensive', Recommends Buying This Industrial Stock
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying Vertiv Holdings, citing its recent price drop. Vertiv's Q2 net sales rose 13% Y/Y, beating expectations. AES is described as 'very inexpensive' despite mixed Q2 results. NextEra Energy's stock is under review, while Hertz reported disappointing Q2 results.
September 10, 2024 | 12:55 pm
News sentiment analysis
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NEGATIVE IMPACT
Hertz reported disappointing Q2 results with revenue and earnings missing expectations. Jim Cramer expresses concern over the stock.
Hertz's poor Q2 performance and Cramer's concern are likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEUTRAL IMPACT
AES reported mixed Q2 results with earnings beating but sales missing expectations. Jim Cramer describes the stock as 'very inexpensive'.
Despite mixed results, Cramer's positive view on AES being 'very inexpensive' may stabilize or slightly boost the stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NextEra Energy's stock is under review by Jim Cramer. Wells Fargo analyst raised the price target to $102.
Cramer's uncertainty and the raised price target by Wells Fargo create a neutral short-term outlook for NEE.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Vertiv Holdings reported a 13% Y/Y increase in Q2 net sales, beating expectations. Jim Cramer recommends buying the stock after its recent price drop.
Vertiv's strong Q2 performance and Cramer's recommendation are likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90