Jim Cramer Says This Utilities Stock Is A Buy: 'We Need Cheap Power'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends Dominion Energy as a buy for its potential in providing cheap power. He also expresses approval of Dutch Bros' slowed expansion. Super Micro Computer faces a compliance issue with Nasdaq, and Cramer is not recommending LyondellBasell despite its recent earnings beat.
September 23, 2024 | 12:38 pm
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POSITIVE IMPACT
Jim Cramer approves of Dutch Bros' decision to slow expansion, aligning with analyst Andrew Charles' Buy rating and $47 price target.
Cramer's positive view on the strategic decision to slow expansion may boost investor confidence, supporting the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer recommends Dominion Energy as a buy due to its potential to provide cheap power. This endorsement could positively influence investor sentiment.
Cramer's endorsement as a buy can lead to increased investor interest and potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Despite a recent earnings beat, Jim Cramer does not recommend LyondellBasell, and JPMorgan lowered its price target.
Cramer's lack of recommendation and a lowered price target by JPMorgan may lead to negative sentiment and potential short-term price pressure.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
NEGATIVE IMPACT
Super Micro Computer received a non-compliance letter from Nasdaq, raising concerns about its financial filings.
The non-compliance letter from Nasdaq could lead to negative investor sentiment and potential short-term price decline.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90