Jim Cramer's Insight on Pharma Stocks and Market Movements

Jim Cramer's Insights on Pharma Stocks

On a recent episode of CNBC's “Mad Money Lightning Round,” renowned investor Jim Cramer evaluated the current landscape of pharmaceutical stocks, revealing his thoughts on several key players. Cramer praised Pfizer Inc. (PFE), suggesting that investors should consider buying more of its stock as it remains a strong contender in the market.

Positive Outlook for Pfizer

Cramer's enthusiasm for Pfizer comes on the heels of a recent report from Cantor Fitzgerald analyst Louise Chen, who reaffirmed an Overweight rating for Pfizer, maintaining a price target of $45. This reinforces Cramer's bullish stance on the stock, indicating that it may still have room for growth.

Evaluating Six Flags

In contrast, Cramer addressed the performance of Six Flags (FUN), expressing skepticism about its future. He described it as experiencing a challenging merger process, leading him to steer clear of this investment. This caution aligns with the sentiment expressed by JPMorgan analyst Matthew Boss, who downgraded Six Flags' stock, lowering its price target from $48 to $43.

Spotlight on First Solar

Amid the discussion on pharmaceuticals, Cramer also highlighted the solar energy sector, particularly First Solar, Inc. (FSLR). He pointed out that First Solar has been performing well in the market, with analysts at BofA Securities raising its price target from $320 to $343, reflecting strong investor confidence.

Praise for Equity Residential

In the real estate sector, Equity Residential (EQR) caught Cramer's attention as a standout stock. He remarked that the company is a “total winner,” with positive outlooks from several analysts who have raised their price targets following strong performance metrics.

Moderna's Recent Challenges

Meanwhile, Cramer had a less favorable view of Moderna, Inc. (MRNA), labeling it a “big disappointment.” Despite recent developments, such as Health Canada granting approval for its COVID-19 vaccine, SPIKEVAX, Cramer suggests that the company has fallen short of expectations.

Vertiv Holdings' Potential

Regarding Vertiv Holdings Co. (VRT), Cramer expressed optimism. He indicated that on any pullback, investors might find it an attractive buy. This sentiment is bolstered by recent leadership changes within Vertiv, which appointed Frank Poncheri as its chief human resources officer.

Positive News for Powell Industries

Cramer also gave a thumbs-up to Powell Industries, Inc. (POWL), noting its impressive third-quarter results that exceeded Wall Street's expectations. This performance paints a promising picture for potential investors.

Market Movements and Performance

Analyzing the market movements, Cramer indicated several price points that reflect the current trading atmosphere. Pfizer shares recently settled at $29.83, slightly down by 0.8%, while Powell Industries saw an uptick, rising 2.5% to close at $174.44. First Solar also showed favorable movement, climbing 2.9% to reach $239.98.

A Closer Look at Market Energy

The ups and downs of these stocks illustrate a dynamic market. Cramer emphasizes the importance of staying informed and exploring opportunities, particularly those that align with future growth trends. For instance, the potential for First Solar in renewable energy remains strong, while the traditional pharmaceutical space continues to evolve, challenging companies like Moderna to prove their value.

Frequently Asked Questions

What did Jim Cramer say about Pfizer?

Cramer expressions strong support for Pfizer, recommending investors to buy more stock based on its positive outlook.

How did Cramer view Moderna's performance?

Cramer labeled Moderna a “big disappointment” despite recent vaccine approval, indicating it has not met expectations.

What is Cramer's opinion on First Solar?

Cramer is optimistic about First Solar, citing its positive price target revisions and solid market performance.

What is the forecast for Equity Residential?

Cramer described Equity Residential as a “total winner,” with several analysts raising price targets, reflecting strong investor confidence.

What stock did Cramer mention as worth buying upon a pullback?

Cramer indicated that Vertiv Holdings is a stock to consider buying if prices pull back, as he regards it as a promising investment.

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