the article is about a man named Jim Cramer who tells people which stocks to buy and which ones to sell. He likes some companies like Crane Company, L3Harris Technologies, and Devon Energy. He thinks Intel is not doing so well and prefers a company called Arm Holdings. When he recommends buying or selling a stock, it can affect how much the stock is worth. Read from source...
This article titled 'Jim Cramer Praises L3Harris Technologies, Says Intel Is 'Getting Whacked' By AMD: 'I Much Prefer...' written by Avi Kapoor, and published by Benzinga, highlights a bunch of confusing and conflicting sentiments from Jim Cramer. For instance, Cramer praises L3Harris and also recommends buying Devon, while suggesting that Intel is getting whacked by AMD and prefers Arm Holdings instead. Also, while L3Harris's stock gained just 0.5%, shares of AMD, the company purportedly hurting Intel, lost 6.1% of their value. There seem to be inconsistencies and irrationalities in Cramer's recommendations, which make the article a bit suspect and confusing.
1. L3Harris Technologies (LHX): Jim Cramer praised L3Harris and considers it 'terrific'. However, RBC Capital analyst Ken Herbert downgraded L3Harris Technologies from Outperform to Sector Perform and lowered the price target from $250 to $240. Investors should note this downgrade before deciding to invest in LHX.
2. Micron Technology (MU): Cramer recommended buying more Micron Technology, but noted that it might go down to $98 or $99. Analyst Mehdi Hosseini of Susquehanna maintained Micron Technology with a Positive but lowered the price target from $185 to $175.
3. Crane Company (CR): Cramer likes Crane Company, which has totally pivoted and does very little metal-bending. Crane reported better-than-expected second-quarter financial results, but investors should note that shares fell slightly after the recommendations.
4. Iron Mountain Incorporated (IRM): Cramer recommended selling some Iron Mountain shares. However, Iron Mountain reported better-than-expected second-quarter financial results, issued FY24 AFFO guidance above estimates and increased its quarterly dividend.
5. Intel (INTC): Cramer believes Intel is getting whacked by AMD and much prefers Arm Holdings. Intel reported quarterly earnings that missed the analyst consensus estimate and announced a $10 billion cost-reduction plan.
Investors should note the risks associated with these recommendations, such as downgrades, missed earnings estimates and cost-reduction plans. They should also consider other factors before making investment decisions.