Jim Cramer analyzes CrowdStrike and four other stocks today
- CrowdStrike beat quarterly earnings but lowered its full-year outlook, retaining most customers despite a major outage.
- Campbell Soup had a small earnings beat but provided disappointing guidance for 2025, while Burlington Stores performed well.
- Cramer believes CrowdStrike shares have bottomed, and he recommends Burlington Stores as a buy amidst mixed results from other companies.
On August 29, 2024, Jim Cramer provided insights on several stocks, including CrowdStrike, which reported a quarterly earnings beat but lowered its full-year outlook. Despite a major outage that affected IT globally, CrowdStrike managed to retain most of its customers and is still securing significant deals. Cramer believes the stock has reached its lowest point. In the food sector, Campbell Soup reported a slight earnings beat, but its 2025 earnings guidance fell short of expectations. Cramer noted the stock's strength and suggested it could be a good buy if it stabilizes. Five Below, a discount retailer, exceeded sales expectations, but Cramer expressed hesitation about investing, citing uncertainty in their expansion plans. Burlington Stores, on the other hand, reported strong earnings and provided positive guidance, leading Cramer to recommend it as a buy. Dollar General faced a significant decline of over 25% in its stock price after cutting its outlook. Cramer attributed this drop to competitive pressures from Costco and Walmart, with Walmart's pricing strategies particularly impacting Dollar General's performance. Overall, Cramer's analysis reflects a mixed outlook across these stocks, with some showing promise while others face challenges.