Jim Cramer: This Utilities Stock Is A Buy, Calls Wells Fargo A 'Winner'
Portfolio Pulse from Avi Kapoor
Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended Wells Fargo as a 'winner' and PG&E as a buy. Wells Fargo launched new APIs for commercial banking, while PG&E received a buy rating from B of A Securities. Cramer was less enthusiastic about Iron Mountain and Palantir.
September 19, 2024 | 12:46 pm
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POSITIVE IMPACT
Jim Cramer recommends buying PG&E, citing its potential regardless of rate increases. B of A Securities reinstated a buy rating with a $24 price target.
Cramer's recommendation and the buy rating from B of A Securities suggest positive sentiment towards PG&E, indicating potential stock appreciation.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer considers Wells Fargo a 'winner' and expects its stock to rise. The bank launched new APIs to enhance services for commercial clients.
Cramer's positive outlook and the launch of new APIs suggest potential growth for Wells Fargo. The APIs aim to improve client services, which could enhance the bank's performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Jim Cramer suggests moving on from Iron Mountain despite its recent positive financial results and dividend increase.
Cramer's lack of enthusiasm despite positive financial results suggests a neutral short-term outlook for Iron Mountain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Jim Cramer describes Palantir as a 'cold' stock despite a new contract with Nebraska Medicine to enhance healthcare using AI.
Cramer's description of Palantir as 'cold' suggests a neutral outlook, even with the new healthcare contract, indicating limited short-term impact.
CONFIDENCE 75
IMPORTANCE 40
RELEVANCE 50