Jim Cramer Likes Reddit Very Much, Calls Accenture A 'Great Buy'
Portfolio Pulse from Avi Kapoor
Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended several stocks, including Reddit, Accenture, and Nvidia, while advising caution on others like Cava and GE Healthcare. He expressed positive sentiment towards GlaxoSmithKline and Cadence Design Systems.
October 10, 2024 | 12:45 pm
News sentiment analysis
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NEGATIVE IMPACT
Cramer is not encouraging buying Equinor, with shares down 2%.
Cramer's lack of encouragement and recent price decline suggest a negative short-term outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEUTRAL IMPACT
Cramer likes Cava but advises against buying at current levels, suggesting potential overvaluation.
Cramer's caution suggests the stock may be overvalued, leading to a neutral short-term outlook.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Cramer suggests waiting for a downgrade before buying more GE Healthcare shares.
Cramer's advice to wait for a downgrade indicates a neutral short-term outlook.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Cramer describes Nextracker as a 'loser' but sees potential for a comeback.
Cramer's mixed view suggests a neutral short-term outlook.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Accenture is labeled a 'great buy' by Jim Cramer, with shares rising 1.3% to $365.08.
Cramer's strong endorsement and recent price increase suggest positive short-term momentum.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Cadence Design Systems is called a 'winner' by Cramer, with shares up 3.5%.
Cramer's positive sentiment and recent price increase suggest potential for further gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Cramer expects GlaxoSmithKline to go higher, with shares gaining 5.8%.
Cramer's expectation of further gains aligns with recent positive price action.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Cramer believes buying McCormick is a 'very good idea' at current levels.
Cramer's positive view suggests potential for short-term gains.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Nvidia is recommended by Cramer as a buy, indicating confidence in its growth prospects.
Cramer's recommendation suggests positive sentiment and potential for short-term gains.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer recommends buying Reddit, highlighting its strong performance since its IPO. The stock closed at $71, up from its IPO price of $34.
Cramer's positive recommendation and the stock's strong performance since IPO suggest potential for further gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90