Jim Cramer goes over the best and worst Q3 performers in the S&P 500

Jim Cramer goes over the best and worst Q3 performers in the S&P 500


Cramer says Constellation Energy and Enphase are two of the winners in the S&P 500 during Q3

CNBC’s Jim Cramer on Tuesday gave his take on the winning and losing stocks in the S&P 500 during the third quarter.

“This is a harsh market with harsh criteria. Constellation Energy and Enphase can meet those criteria, but everything else in the winner’s circle seems capricious, and the losers? Just not enough there to take a risk,” he said.

Winners

  1. Constellation Energy

Cramer said that the company is “perfectly crafted” for the ESG movement. 

  1. Enphase

“The stock is volatile, but it’s been a great buy on every dip. I bet that continues,” he said.

  1. Etsy

Cramer called the company the Amazon of handcrafted goods.

  1. Netflix

The company’s stock should be able to continue gaining if Netflix doesn’t botch the launch of its ad-supported tier, he predicted.

  1. Biogen

Cramer said he has faith in the company’s Alzheimer’s drug, though he believes Eli Lilly’s will be better.

Losers

  1. Charter Communications

Cramer said that while the company’s profitable, it’s lack of growth means that its stock is going nowhere.

  1. FedEx

The stock will likely be in the penalty box for at least three to six months after the company’s recent earnings miss and warnings of a worldwide recession, he said.

  1. Lumen Technologies

Cramer said he wouldn’t touch this stock with a 10-foot pole.

  1. Catalent

The Food and Drug Administration’s inspection of the company’s plant, which held up the distribution of Moderna’s Covid booster, likely hurt Catalent stock’s performance, he said.

  1. VF Corp

Cramer said he has no faith in the apparel stock’s ability to rally in the current inflationary environment.

Disclaimer: Cramer’s Charitable Trust owns shares of Eli Lilly.

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

Space startup Varda raises 7 million in funding to make drugs in orbit
Business

Space startup Varda raises $187 million in funding to make drugs in orbit

Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. […]

Read More
How family offices are betting on the sports boom from fantasy apps to pickleball courts
Business

How family offices are betting on the sports boom from fantasy apps to pickleball courts

Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners […]

Read More
Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up
Business

Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook […]

Read More