Jim Cramer Says This Energy Stock Is A Buy: 'It Can Make Money Even At These Levels'
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying Coterra Energy, citing its ability to make money at current levels. Scotiabank analyst Paul Cheng maintains a Sector Outperform rating but lowers the price target. Cramer also comments on Energy Transfer, Walgreens, Dover, and e.l.f. Beauty, highlighting various analyst ratings and market conditions.
October 21, 2024 | 12:31 pm
News sentiment analysis
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POSITIVE IMPACT
Jim Cramer recommends buying Coterra Energy, highlighting its profitability even at current levels. Scotiabank analyst maintains a Sector Outperform rating but lowers the price target from $35 to $32.
Cramer's positive recommendation and the maintained outperform rating by Scotiabank suggest a bullish sentiment, despite the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer is optimistic about Dover's upcoming quarter, citing its involvement in the data center sector. Mizuho raises the price target to $220.
Cramer's positive outlook and the raised price target by Mizuho suggest a favorable short-term impact.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer comments positively on Energy Transfer, stating the group is trading well. The company is set to release Q3 earnings on Nov. 6.
Cramer's positive outlook and upcoming earnings release could drive short-term interest in ET.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Jim Cramer notes the downturn in cosmetics but believes e.l.f. Beauty will recover faster than others. Truist Securities lowers the price target to $130.
Cramer's belief in a faster recovery is tempered by the lowered price target, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 70
NEUTRAL IMPACT
Jim Cramer expresses confidence in Walgreens' CEO but notes the challenge of competing with Amazon. Walgreens reported strong Q4 sales growth.
While Cramer is optimistic about the CEO, the competitive pressure from Amazon and recent sales growth create a mixed outlook.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60