An article says that a man named Jim Cramer thinks that a big company called IBM is doing a great job. He also thinks that people should not buy shares in a company called Nano Nuclear Energy because it's not making money. Jim Cramer suggests that people should buy shares in other companies like ZIM Integrated Shipping and PJT Partners. He also says that people should not buy shares in a company called New York Mortgage Trust because it didn't do well recently. Read from source...
Jim Cramer, of CNBC's "Mad Money," in a recent lightning round session recommended holding onto IBM and ZIM Integrated Shipping Services Ltd. But also mentioned the risks associated with PJT Partners and advised caution. However, his suggestion to avoid New York Mortgage Trust came after the company's poor Q2 results. Furthermore, his dismissal of NANO Nuclear Energy as a potential investment lacked solid reasoning and was potentially influenced by personal opinions. Overall, Cramer's recommendations appear to be based on a mix of company performances, speculation, and personal judgments.
Positive
Rationale: Jim Cramer, the host of CNBC's show 'Mad Money', recommended holding on to International Business Machines Corporation (IBM) in the article. Cramer added that IBM is doing a great job and the company has reported better-than-expected quarterly earnings. This positive sentiment is reflected in the article's recommendation to hold on to IBM shares.
1. International Business Machines Corporation (IBM) - BUY
- Recommendation: Hold on to IBM
- Reason: IBM is doing a great job and has recently beaten the analyst consensus estimate for both earnings and sales.
2. ZIM Integrated Shipping Services Ltd. (ZIM) - SELL
- Recommendation: Avoid ZIM
- Reason: Despite being a promising company, ZIM recently underperformed in the market and has not shown any signs of recovery yet.
3. New York Mortgage Trust, Inc. (NYMT) - AVOID
- Recommendation: Do not buy NYMT
- Reason: NYMT recently posted weaker-than-expected results for the second quarter.
4. PJT Partners Inc. (PJT) - UNRECOMMENDED
- Recommendation: Not enough information to opine
- Reason: Cramer could not find enough information about PJT before making a definite recommendation.
5. NANO Nuclear Energy Inc. (NNE) - AVOID
- Recommendation: Do not invest in NNE
- Reason: NNE is a company that doesn't make money and has not shown any signs of generating profit.
These recommendations are based on the article titled "IBM Is Doing A 'Great Job,' Jim Cramer Says — But Don't Buy This Real Estate Stock". Please consider risks and do your own due diligence before making investment decisions.