Finance

Investment Strategies and Stock Insights with Jim Cramer on CNBC's 'Mad Money'

Published November 11, 2023

During a segment on CNBC's 'Mad Money Lightning Round,' financial expert Jim Cramer evaluated a number of stocks, providing his insights to investors. Among the stocks discussed, Cramer declared Broadcom Inc. AVGO, a leader in semiconductor and infrastructure software solutions, as a 'buy.' With AVGO's broad market presence in data centers, networking, and other tech sectors, investors may find long-term value in this stock.

Broadcom and Pharma Picks

Switching to the pharmaceutical industry, Cramer discussed Novo Nordisk NVO, acknowledging its strength but revealing his preference for Eli Lilly and Company LLY instead. He affirmed, 'I want you to be owning either one of those,' suggesting that both companies present valuable opportunities but highlighting LLY as his top pick.

Technology and Growth Potential

For those interested in the technology sector, Cramer expressed some doubts about Snowflake Inc. SNOW, due to potential competition from privately-held Databricks. He advised caution, considering the high standards set by competing data analytics engines. Meanwhile, Aehr Test Systems AEHR was recognized for its role in the semiconductor test equipment market, but Cramer signaled a preferable position in Agilent Technologies, Inc. A, a significant player in analytical instrumentation with a global footprint.

Automotive, Aviation, and Real Estate

When it came to the automotive sector, Cramer firmly supported AutoZone, Inc. AZO. Citing an aging vehicle population and a robust corporate buyback program, he advised, 'I want you to buy it, and every time it dips, I want you to buy more,' indicating a strong bullish outlook. Gogo Inc. GOGO, once a favored 'Covid stock,' was deemed less appealing in the current climate, with Cramer suggesting that investors consider exiting their positions. In the real estate domain, Dream Finders Homes, Inc. DFH received positive remarks for its unique business model and continued success.

Market Movements and Considerations

The market has observed varied performances among the discussed stocks, with DFH and GOGO experiencing declines, while AZO showed gains. A mixed picture emerged for A, AEHR, and SNOW, indicating that individual stock selection based on robust analysis remains key for portfolio success.

investment, stocks, technology, pharmaceutical, automotive, aviation, real estate, analysis