Jim Cramer’s Take
During a recent segment of CNBC’s “Mad Money Lightning Round,” the renowned financial expert Jim Cramer voiced his reservations about the industrial stock Rockwell Automation, Inc. ROK, describing their quarter as “miserable” and placing the company in the proverbial “penalty” box.
Rockwell Automation had recently reported first-quarter results that missed expectations, with a mere 3.6% Y/Y sales growth and an adjusted EPS of $2.04 falling short of the analyst consensus.
Stock-specific Analysis
Digging into the specifics, Cramer also cautioned against immediately investing in Iron Mountain Incorporated IRM due to its elevated stock price. He further shared his opinion on DICK’S Sporting Goods, Inc. DKS, advising potential investors to wait for a better entry point as the stock had experienced a “parabolic move.”
In contrast, Cramer voiced optimism about Toyota Motor Corporation TM, expressing that he anticipates an upward trajectory for the stock despite its recent price surge. He also heaped praise on Palantir Technologies Inc. PLTR, describing their recent quarter as impressive.
Upcoming Financial Results
Giving a nod to Dutch Bros Inc. BROS, Cramer emphasized the need for a “good quarter” before expressing his substantial approval for Sempra SRE. He noted that the stock was presenting an opportunity for a favorable yield alongside potential growth.
Price Action
- Shares of Iron Mountain fell 2.6% to close at $67.02 on Tuesday.
- Dutch Bros shares fell 4.3% to settle at $26.58.
- Toyota Motor shares rose 2.3% to $231.00 on Tuesday.
- Dick’s Sporting shares fell 0.5% to settle at $165.54 during Tuesday’s session.
- Shares of Rockwell Automation fell 0.8% to close at $278.38 on Tuesday.
- Joby Aviation shares fell 5.2% to settle at $5.98 on Tuesday.
- Shares of Palantir fell 4.2% to close at $24.01 during the session.
- Sempra shares fell 1.9% to settle at $69.35 on Tuesday.