Jim Cramer: 'Avoid' This Consumer Cyclical Stock, Buy Lam Research
Portfolio Pulse from Avi Kapoor
Jim Cramer recommends buying Lam Research (LRCX) after it reported strong earnings, while advising to avoid QuantumScape (QS). He also comments on Suncor Energy (SU), Oklo (OKLO), Joby Aviation (JOBY), and NetApp (NTAP).
October 29, 2024 | 12:52 pm
News sentiment analysis
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NEGATIVE IMPACT
QuantumScape reported a quarterly loss that met expectations, but Jim Cramer advises avoiding the stock.
Despite meeting loss expectations, Jim Cramer's advice to avoid QuantumScape may lead to negative sentiment and a potential decline in stock price.
CONFIDENCE 100
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Jim Cramer is not optimistic about Suncor Energy, indicating no favorable outlook for the industry.
Cramer's lack of optimism for Suncor Energy suggests potential negative sentiment, which could impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Joby Aviation priced its public offering, and Jim Cramer believes it's stable for now.
The pricing of Joby Aviation's public offering and Cramer's neutral stance suggest stability, with no immediate impact on the stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lam Research reported strong earnings, beating analyst estimates, and Jim Cramer recommends buying the stock.
Lam Research's earnings exceeded expectations, and Jim Cramer's positive recommendation is likely to boost investor confidence, potentially driving the stock price up.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
NetApp is considered a 'good' company by Jim Cramer, with a recent partnership expansion with Google Cloud.
Cramer's positive view on NetApp and its partnership with Google Cloud could enhance investor sentiment, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Oklo is identified as a 'short squeeze' by Jim Cramer, with recent approval from the U.S. Department of Energy.
The identification of Oklo as a 'short squeeze' and recent DOE approval may lead to increased volatility and potential upward movement in the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80