Jim Cramer: AST SpaceMobile Is 'Just Too Hot,' Recommends Buying This Tech Stock
Portfolio Pulse from Avi Kapoor
Jim Cramer on CNBC's 'Mad Money' shared his views on several stocks. He finds AST SpaceMobile 'too hot' and FTAI Aviation 'too high'. He recommends buying Shopify, which has a raised price target from Barclays. Cramer also sees FIGS as a good speculative buy.
October 07, 2024 | 1:00 pm
News sentiment analysis
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POSITIVE IMPACT
FIGS is seen as a good speculative buy by Jim Cramer, with recent better-than-expected earnings.
Cramer's positive view and recent strong earnings suggest a favorable short-term outlook for FIGS.
CONFIDENCE 85
IMPORTANCE 65
RELEVANCE 75
POSITIVE IMPACT
RTX Corporation is preferred by Jim Cramer, with Raytheon securing a significant contract from DARPA.
The DARPA contract is a positive development for RTX, and Cramer's preference suggests a favorable short-term outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Shopify is recommended by Jim Cramer as a buy, with a raised price target from Barclays.
Cramer's recommendation and the raised price target from Barclays indicate a positive short-term outlook for Shopify.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Jim Cramer is not in favor of First Watch Restaurant Group, despite a Buy rating from Guggenheim.
Cramer's lack of enthusiasm contrasts with Guggenheim's Buy rating, suggesting mixed signals for FWRG.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
AST SpaceMobile is considered 'too hot' by Jim Cramer, indicating potential overvaluation or high volatility.
Cramer's comment suggests that AST SpaceMobile may be overvalued or experiencing high volatility, which could lead to a short-term price decline.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FTAI Aviation is 'too high' for Jim Cramer, suggesting it may be overvalued at current levels.
Cramer's view that FTAI is 'too high' suggests a potential overvaluation, which could lead to a short-term price decline.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70