Jim Cramer: 'Not The Time To Own Oil,' When Asked About Exxon Mobil; Says IBM Is 'Performing Well'
Portfolio Pulse from Avi Kapoor
Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round.' He advised against owning Exxon Mobil due to falling oil prices and expressed skepticism about Advance Auto Parts' operations. Cramer was positive about IBM's performance under CEO Arvind Krishna and recommended JPMorgan Chase over Citigroup. IES Holdings was also highlighted positively, with a recent share repurchase program announcement.
September 11, 2024 | 12:46 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer praises IBM's performance under CEO Arvind Krishna, highlighting the company's strategic moves like acquiring Accelalpha.
Cramer's positive remarks on IBM are supported by the company's strategic acquisition and overall performance, which could boost investor confidence.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer is positive about IES Holdings, noting its strong financial results and share repurchase program.
Cramer's positive view on IES Holdings is supported by its strong financial performance and share repurchase program, which are favorable for investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Jim Cramer recommends JPMorgan Chase over Citigroup, indicating a preference for its financial stability.
Cramer's preference for JPMorgan Chase suggests confidence in its financial stability, which could attract investors.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Jim Cramer is skeptical about Advance Auto Parts' operations despite a slight sales beat, following a significant earnings miss.
Cramer's skepticism is based on the company's poor earnings performance, which could lead to negative investor sentiment.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Jim Cramer advises against Citigroup, despite a recent price target increase by Morgan Stanley.
Cramer's negative stance on Citigroup contrasts with Morgan Stanley's positive rating, indicating potential short-term volatility.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Jim Cramer advises against owning Exxon Mobil due to falling oil prices, which could negatively impact the stock.
Cramer's negative outlook on Exxon Mobil is based on the recent drop in oil prices, which typically affects oil companies' revenues and stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80