Jim Cramer: This Tech Stock Has Been ‘One of the Greatest Performers of All Time’
Key takeaways
- Cramer’s praise for Broadcom and Coca‑Cola, coupled with analyst upgrades, is likely to lift those stocks, while his skepticism toward Sea, BETA, and Planet Labs may weigh on them.
- Broadcom closed at $351.81 (+2.8%)
- Vicor closed at $216.65 (+2.2%)
- Sea closed at $75.18 (+0.6%)
What happened
Jim Cramer praised Broadcom Inc. (NASDAQ: AVGO) as a top performer and said he would buy Coca‑Cola (NYSE: KO) instead of selling Broadcom. He also highlighted Vicor Corp. (NASDAQ: VICR) as a winner, criticized Sea Ltd. (NYSE: SE) and BETA Technologies (NYSE: BETA) as weak, and noted Planet Labs PBC (NYSE: PL) is unlikely to rally unless interest rates fall. The commentary came after analysts upgraded or downgraded these stocks, and the stocks moved in the market with Broadcom up 2.8% to…
Why it matters
Cramer’s remarks influence investor sentiment toward these tech and consumer stocks. His endorsement of Broadcom and Coca‑Cola may boost demand, while his criticism of Sea, BETA, and Planet Labs could dampen enthusiasm. Analyst moves—such as DA Davidson raising Broadcom’s target to $400 and Morgan Stanley cutting…
Short-term and longer-term
Short-term. Vicor’s 2.2% rise and high earnings multiple may appeal to traders chasing high‑growth tech names.
Longer-term. For investors looking ahead, Broadcom’s upgraded target to $400 and strong performance position it as a solid long‑term play in the semiconductor space.
Words on this card
- price target
- The price level analysts expect a stock to reach
- earnings multiple
- A ratio of a company’s stock price to its earnings per share
- special airworthiness certificate
- FAA approval that allows a company to conduct market surveys for a new aircraft
- high multiple stock
- A stock trading at a high valuation relative to earnings
- Interest rate Learn
- The cost of borrowing money (or the return on savings) — set partly by central banks and markets.