Cramer Friday thoughts on Cloudflare, DraftKings, Expedia, Booking, Hershey

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107374404 1708024054818 gettyimages 2013247027 js2 0524 hk5bxrx4

Jim Cramer’s daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Cloudflare’s stock was down 16% after the company’s second-quarter revenue outlook fell short of analyst estimates. Cramer believes they are not losing share, but the slower growth rate is a concern. DraftKings had a better-than-expected quarter with revenue up 53% and $22 million in adjusted EBITDA. CEO Jason Robins shared that business has been rationalized, and Cramer believes the stock can continue to rise. Expedia’s shares dropped 14% due to first-quarter bookings missing estimates. Cramer mentioned that customers are not brand loyal and will switch to alternatives like Airbnb. Booking Holdings, on the other hand, had a strong performance due to more international exposure. Hershey beat expectations with top and bottom line results, but Cramer prefers Mondelez as a better investment option.

Jim Cramer’s rapid fire analysis of stocks in the news outside of CNBC’s Investing Club portfolio highlighted key trends in various companies. Cloudflare saw its shares drop 16% after falling short of revenue estimates, raising concerns about slowing growth. DraftKings, on the other hand, reported strong quarterly results with revenue up 53% and adjusted EBITDA of $22 million. Expedia faced challenges as first-quarter bookings missed estimates due to issues with Vrbo, while Booking Holdings performed well with more exposure to international markets. Hershey reported top and bottom line beats, but Cramer preferred Mondelez as a better investment option. His insights provide a snapshot of the market dynamics and opportunities for investors to consider.

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