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2 hours ago
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Chewy, Inc. (CHWY) Can Suffer From A Share Price Drop, Warns Jim Cramer
Chewy, Inc. (NYSE:CHWY) is one of the . Chewy, Inc. (NYSE:CHWY) is a pet food retailer that has started to frequently appear on Cramer's morning show. He has called the firm a 'winner' in his previous comments and praised management for accurately calling out the share price bottom on his show, Mad Money. Chewy, Inc. (NYSE:CHWY)'s shares are up by 27% year-to-date despite the fact that they slipped by 15.5% in June. The shares fell after the firm's first-quarter earnings report missed analyst estimates for fiscal 2025 revenue while Chewy, Inc. (NYSE:CHWY) also saw its costs rise during the first quarter. Cramer commented on the firm's secondary share sale and warned viewers that the stock head lower due to dilution and recent gains: 'Get ready to see this. Today, Chewy, okay. 23.95 million share, secondary. 41.95 it's at 42.76. Start seeing people cash out okay. Now this is uh, BC Partners who's raised one billion in share sale. But we're gonna start seeing real selling. And that's because stocks are up very, very big. And you know. . .these are all candidates because they're up so much. A close-up shot of a store shelf stocked with pet food and supplies. Earlier this year, the CNBC host mentioned how Chewy, Inc. (NYSE:CHWY)'s litter brands are cheaper: 'Hey, you go to Chewy for cat litter and you find Fresh Step, that's the Clorox brand. Then you see Frisco, the Chewy brand, and if the Clorox stuff gets too expensive, well, you might just easily go to Frisco. How much are you really gonna pay up for kitty litter?' While we acknowledge the potential of CHWY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
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KB Home (KBH) Isn't A 'Crybaby' But It Wants Lower Rates, Says Jim Cramer
KB Home (NYSE:KBH) is one of the . KB Home (NYSE:KBH) is a home building company that is frequently discussed by Cramer on his morning show. Its shares are down by 19.4% year-to-date as high interest rates continue to impact the housing market. KB Home (NYSE:KBH)'s shares have suffered from several negative catalysts which include a slowdown of consumer demand leading to weak quarterly results. The firm's latest earnings report saw it cut its full-year guidance to a midpoint of $6.4 billion from an earlier 6.80 billion. The guidance missed analyst estimates of $6.57 billion. Here's what Cramer said about KB Home (NYSE:KBH): 'Look there's too many KB Homes. I mean KB Homes, I like to default to the actual companies, KB Homes is again, and KB Homes just said listen, we would have done much better but the rates are too high. I keep waiting, for the great teaser rate that you would get if the Fed cut rates. Will you get a three, teaser, which would then, I would be able to use instead of, give up my three and a half? Cramer has extensively discussed KB Home (NYSE:KBH) in his previous appearances. In a March show, he outlined: 'The home builder has inflation issues and has mortgage issues, right? Rates are too high. The stock's down from just under $90 to around $60. So you could say those are now baked into the stock price but some investors thought the same way about Lennar, another national home builder. They reported an upside surprise on earnings but talked about how housing prices are going down albeit slowly, but that was certainly enough to kill that stock. An elevated view of a suburban neighborhood of newly built attached single-family residential homes. So I don't see a bottom in KB Home, especially when it was trading at $42 in the fall of 2023. The stock's had a relentless run. Time to bide your time, wait for a better moment. For the record, if you insist on owning a home builder, do you mind if you just go with Toll Brothers? I think that's best of breed. Lennar did shake off more than half its losses by day's end, closing at $115, that's only down five. I saw it at one point down 12. Lurking behind all the negativity here is the likelihood, yes, of a recession, recession aided by stagflation.' While we acknowledge the potential of KBH as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Business
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Enterprise Products Partners L.P. (EPD) Is Being Hurt Due To Trade Talks, Says Jim Cramer
Enterprise Products Partners L.P. (NYSE:EPD) is one of the . Enterprise Products Partners L.P. (NYSE:EPD) is an oil and gas midstream company that works with natural gas, petrochemicals, crude oil, and other petroleum products and derivatives. Cramer's comments about the firm revolved around ethane which is turning out to be a key material in the US-China trade discussions. In a May appearance, he had outlined that the US could use ethylene production to its advantage as China bought copious amounts from America and needed it for plastics production. However, his recent remarks about Enterprise Products Partners L.P. (NYSE:EPD) revealed that the Chinese had switched to alternative ethane producers: 'Look Rusty [Rusty Braziel, RBN Energy chairman] said last night that the US is trying to hold China hostage on ethane. Ethane's been stopped, we make a lot of ethane because of natural gas liquids. But the Chinese just switched to other countries. So the companies that are being hurt . . . .that's. . .Enterprise Product Partners, that's a lot of ethane. It's not ethane versus rare minerals. Carl, ethane is a little less rare than rare, okay.' Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility. Cramer had also commented on ethane and Enterprise Products Partners L.P. (NYSE:EPD) in April. Here's what he had said back then: 'Okay, now, people are selling this thing because they have a lot of ethane business. They have a lot of certain natural gas liquids that are really stalled right here. I say don't worry about it. This is actually a fantastic chance to buy.' While we acknowledge the potential of EPD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 hours ago
- Business
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Energy Transfer LP (ET) Is Being Hurt Due To Trade Talks, Says Jim Cramer
Energy Transfer LP (NYSE:ET) is one of the . Energy Transfer LP (NYSE:ET) is one of the largest oil and gas midstream companies in the US. The firm stores and transports oil and gas across the US. Energy Transfer LP (NYSE:ET)'s shares have lost 10% year-to-date primarily due to economic uncertainty weighing down the demand for energy in the US. Cramer's remarks about the firm revolved around ethane and US trade negotiations with China. The CNBC host has regularly pointed out that ethane is a key leverage point available to the US to try to gain an advantage over China in the negotiations. In a morning appearance last month, he shared that ethylene was 'the one thing that they're panicked on in China' due to large-scale plastics production. This time around, Cramer took a slightly different tone: 'Look Rusty [Rusty Braziel, RBN Energy chairman] said last night that the US is trying to hold China hostage on ethane. Ethane's been stopped, we make a lot of ethane because of natural gas liquids. But the Chinese just switched to other countries. So the companies that are being hurt, ET is being hurt. . . .that's Energy Transfer . . . that's a lot of ethane. It's not ethane versus rare minerals. Carl, ethane is a little less rare than rare, okay.' An aerial view of an oil rig at sunrise, emphasizing the power of the natural gas transportation industry. In his previous comments about Energy Transfer LP (NYSE:ET), Cramer advised viewers to consider dividend yield when buying the stock: 'Yes. ET is smart. I mean, look, you buy, this is the way you buy ET, just so you know, this is a pipeline company. You, you, you buy it by the percentage yield. So it's got a 7% yield now, you buy some, 8, you buy some, 9, you buy some. That's how you buy these stocks and I'm gonna continue to pound that that's the way to do it.' While we acknowledge the potential of ET as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 hours ago
- Business
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Palantir Technologies Inc. (PLTR): I've Always Been Bullish, Says Jim Cramer
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the . Palantir Technologies Inc. (NASDAQ:PLTR) is a business analytics company whose shares are among the top performers this year. The stock has gained 90% year-to-date due to the firm's key role of providing software that allows for efficient business operations to the US government. Palantir Technologies Inc. (NASDAQ:PLTR) is also perhaps one of the largest pure-play software defense contractors in America which has helped stabilize its business as overall corporate spending remains slow. Cramer regularly discussed the stock during the first quarter as he outlined that Palantir Technologies Inc. (NASDAQ:PLTR) could benefit from efficiency drives in the US government led by Elon Musk's DOGE at the time. This time around, he commented on whether the stock can touch $200: 'And by the way, Palantir. A guy asked me, why aren't I more bullish on Palantir? I said when it was at 50 I said it was going to a 100. When I said it was a hundred, I said it was going to 200. I can't raise it yet! Can it go to 200? First they had them on this morning, I mean you know different guy, they didn't have Karp on. This guy didn't curse. It was great because it would have been double curse if we had Karp and the President.' A software engineer intently typing code into a laptop with multiple screens in an office. Recently, Cramer also called Palantir Technologies Inc. (NASDAQ:PLTR) a meme stock. Here is what he said: 'The ultimate meme stock for the moment is this company called Palantir, which reports. It's a cybersecurity company. Now this one's moved up by persistent retail buying that starts around 4:00 AM every day when they literally walk it up a couple of points before the bell and then continue to keep it at that level until the close. While we acknowledge the potential of PLTR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
