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News

Jim Cramer Labels Moderna A 'Big Disappointment,' But Suggests Doubling Down On Another Pharma Powerhouse

Author: Avi Kapoor | September 18, 2024 08:06am

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Pfizer Inc. (NYSE:PFE) and recommended buying more of the stock.

On Sept. 16, Cantor Fitzgerald analyst Louise Chen reiterated Pfizer with an Overweight rating and maintained a $45 price target.

Six Flags (NYSE:FUN), I don't know, it feels like it's two flags,” Cramer said. “This has just been a merger from hell. I'm not really into the stock.”

On Sept. 16, JPMorgan analyst Matthew Boss maintained Six Flags Entertainment with an Underweight rating and lowered the price target from $48 to $43.

Cramer said he likes First Solar, Inc. (NASDAQ:FSLR), adding that it is an “up stock.”

On Sept. 16, BofA Securities analyst Julien Dumoulin-Smith maintained First Solar with a Buy and raised the price target from $320 to $343.

The “Mad Money” host said Equity Residential (NYSE:EQR) is an “amazing” stock, and added that it's a “total winner.”

On Sept. 16, several analysts, including, Scotiabank, Evercore ISI Group and JPMorgan, raised their price targets on the stock.

Moderna, Inc. (NASDAQ:MRNA) has been a “big disappointment,” Cramer said.

Moderna announced on Tuesday that Health Canada approved its vaccine, SPIKEVAX, which aids in preventing COVID-19 in people six months of age or older.

“On a pullback, absolutely,” Cramer said when asked about Vertiv Holdings Co (NYSE:VRT). “I think it's a winner.”

On Sept. 11, Vertiv named Frank Poncheri as chief human resources officer.

Cramer said Powell Industries, Inc. (NASDAQ:POWL) is a buy.

On July 30, Powell Industries reported better-than-expected third-quarter GAAP EPS and sales results.

Price Action:

  • Pfizer shares slipped 0.8% to settle at $29.83 on Tuesday.
  • Powell shares rose 2.5% to close at $174.44 during the session.
  • First Solar shares rose 2.9% to close at $239.98 during Tuesday's session.
  • Six Flags shares gained 2.3% to settle at $41.52.
  • Equity Residential shares fell 0.6% to close at $77.34 on Tuesday.
  • Moderna shares gained 4.1% to settle at $71.99 on Tuesday.
  • Vertiv shares gained 0.4% to close at $87.29.

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Photo: s_bukley/Shutterstock.com

Posted In: EQR FSLR FUN MRNA PFE POWL VRT

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