“Mad Money” Host Jim Cramer Reveals Insights on Stock Performances
It’s that time again! “Mad Money” host Jim Cramer recently rang the lightning round bell, providing rapid-fire answers to callers’ stock questions. Let’s take a closer look at Cramer’s take on some notable companies’ year-to-date stock performances.
First on the list is Salesforce. Despite the stock’s significant decline, Cramer remains confident in the company’s future. He expressed his disbelief at the current downtrend, stating, “It’s ridiculous that the stock is down this much…I remain convinced that Salesforce is going to have a dynamite 2024.”
Next up is Portillo’s, a fast-food restaurant chain. While Cramer admits his liking for Portillo’s, he expressed concern about the actions of insiders and private equity individuals who were selling off the stock. As it turns out, Cramer’s reservations were justified, and he advises investors to exercise patience, noting, “Well, it looks like I was right, and now we got to wait for this thing to settle down.”
Moving on, Cramer discussed Mid-America Apartment Communities’ performance without providing a specific opinion on the stock.
The next company on the list is Energy Transfer. Unfortunately, no commentary or analysis was provided for this stock.
Cramer then addressed 3M, indicating that he is no longer involved with companies that resemble law firms. He cited this as one of the reasons for his disengagement from 3M, stating, “… I am no longer involved with situations where I feel that the companies are much more like law firms. I can’t be there.”
AbbVie, a pharmaceutical company, was the next topic of discussion. Cramer expressed disappointment in the company’s performance, stating that they haven’t done enough with their new products. He expressed astonishment at the company’s lack of communication on the matter, considering he used to hold a favorable opinion of AbbVie.
Iron Mountain, a data management and storage company, received positive remarks from Cramer. He commended the company’s steady performance, saying, “I think it’s very good… I think they do a very good job, it’s a very steady eddy company, and I really like it.”
Empire State Realty Trust, the company responsible for the iconic Empire State Building, elicited a different response from Cramer. He advised investors to capitalize on their gains and exit the stock, stating, “I would ring the register on that. You’ve had a nice gain. Let’s just move on to something better.”
Lastly, Oracle was mentioned, with Cramer recommends buying the tech giant’s stock, urging investors to take action.
In addition to Cramer’s insights, he also shared a special resource. He invites investors to download “Jim Cramer’s Guide to Investing” at no cost. This guide aims to assist individuals in building long-term wealth and investing smarter.
As always, it’s essential for investors to conduct thorough research and consider multiple perspectives before making any investment decisions.