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On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying more Micron Technology, Inc.(NASDAQ:MU) right here. “Now it's coming back down, I think it probably goes to 98, 99,” he noted.
On Aug. 22, Susquehanna analyst Mehdi Hosseini maintained Micron Technology with a Positive and lowered the price target from $185 to $175.
Cramer said he likes Crane Company (NYSE:CR). “It is a very well-run company that has totally pivoted and does very little metal-bending,” he added.
On July 29, Crane reported better-than-expected second-quarter financial results.
The “Mad Money” host recommended to sell some Iron Mountain Incorporated (NYSE:IRM). “Let the rest run. That will be the wise thing to do right here,” he added.
On Aug. 1, Iron Mountain reported better-than-expected second-quarter financial results and issued FY24 AFFO guidance above estimates. Also, the company increased its quarterly dividend.
L3Harris Technologies, Inc. (NYSE:LHX) is “terrific,” he said.
On Aug. 14, RBC Capital analyst Ken Herbert downgraded L3Harris Technologies from Outperform to Sector Perform and lowered the price target from $250 to $240.
Cramer said, “I would own Devon (NYSE:DVN), but don't get excited.”
On Aug. 6, Devon Energy reported quarterly earnings of $1.41 per share, which beat the analyst consensus estimate of $1.26 per share. Quarterly revenue came in at $3.917 billion which beat the analyst consensus estimate.
“I think that Intel (NASDAQ:INTC) is getting whacked by AMD (NYSE:AMD),” Cramer said. “I much prefer Arm Holdings (NASDAQ:ARM).”
On Aug. 1, Intel reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 10 cents per share.
Intel announced a $10 billion cost-reduction plan that it says will streamline operations and meaningfully cut spending and headcount, reducing non-GAAP R&D and marketing, general and administrative (MG&A) to approximately $20 billion in 2024 and approximately $17.5 billion in 2025, with further reductions expected in 2026.
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