Jul 24, 2024, 12:00 AM
Jul 24, 2024, 12:00 AM

Cramer’s Lightning Round Highlights Broadcom and Other Stocks

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Highlights
  • Jim Cramer, host of 'Mad Money', praised Broadcom during the show's lightning round segment.
  • This segment involves Cramer answering stock queries from viewers at a rapid pace.
  • Broadcom, a leading semiconductor company, received positive attention for its market performance.
Story

In the latest episode of "Mad Money," host Jim Cramer engaged with viewers during his popular lightning round segment, providing rapid-fire stock recommendations and insights. Cramer emphasized the potential of Trade Desk (TTD), suggesting it as a buy despite its recent downturn linked to Alphabet. He expressed confidence in the stock's recovery, indicating it could be a strong investment opportunity. Cramer also shared his long-standing belief in gold stocks, specifically mentioning Hecla Mining. While he acknowledged that gold investments have had mixed results in the past, he noted the current favorable conditions for gold, recommending a mutual fund for those interested in this sector. His insights reflect a cautious optimism about the gold market's potential. When discussing Jumia, Cramer was less enthusiastic, pointing out that the company is struggling to generate profits. This lack of financial stability led him to advise against investing in Jumia at this time. In contrast, he expressed strong support for Broadcom, calling it "absolutely terrific" and predicting that it would face challenges during market rotations but remains a solid investment choice. Lastly, Cramer highlighted AeroVironment, stating that the effectiveness of drones makes it a buy. His recommendations reflect a blend of cautious optimism and strategic investment advice, encouraging viewers to consider their options carefully in the current market landscape. For more insights, viewers are invited to join the CNBC Investing Club to follow Cramer's market moves.

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