'If You Want Steel, You Do Nucor,' Says Cramer When Asked About Gerdau
Portfolio Pulse from Avi Kapoor
Jim Cramer discussed several companies on CNBC's 'Mad Money Lightning Round.' He expressed a preference for Nucor over Gerdau for steel investments. Analysts have adjusted price targets for Federated Hermes, Motorola Solutions, and Domino's Pizza. Gerdau's recent financial performance showed a decline in sales and net income.
September 16, 2024 | 12:58 pm
News sentiment analysis
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NEGATIVE IMPACT
Domino's Pizza faced issues with a weak franchise overseas, leading to concerns about its control over operations. Baird lowered its price target from $580 to $535.
Operational issues and a lowered price target indicate potential negative sentiment, contributing to a 0.5% decline in stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Gerdau's recent financial results showed a decline in sales and net income. Cramer prefers Nucor for steel investments.
The decline in financial performance and Cramer's preference for Nucor suggest a negative short-term impact on Gerdau's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Federated Hermes received an 'Outperform' rating from Evercore ISI Group, but its price target was slightly lowered from $37 to $36.
The analyst rating remains positive, but the slight reduction in price target suggests tempered expectations. The stock rose 1.5%, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Motorola Solutions was maintained at 'Buy' by Jefferies, with a price target increase from $460 to $510.
The increased price target and positive analyst sentiment are likely to support a positive short-term price movement. The stock rose 0.7%, reflecting this sentiment.
CONFIDENCE 95
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer recommends Nucor over Gerdau for steel investments, highlighting its position as the largest steel producer in the U.S.
Cramer's endorsement of Nucor as a preferred steel investment is likely to positively influence its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 75