Jim Cramer discussed several stocks on his show “Mad Money.” He called Wells Fargo a “winner” and a stock that could go higher. Wells Fargo recently launched specialized APIs for its Commercial Banking clients. These APIs provide real-time data access to boost sales, improve liquidity, reduce credit risk, and cut expenses for floorplan and channel finance clients.
Cramer also talked about Iron Mountain. He suggested it might be time to move on from the stock after its big move up. Iron Mountain reported better-than-expected second-quarter financial results.
The company issued the fiscal year 2024 AFFO guidance above estimates and increased its quarterly dividend.
Cramer endorses key investment picks
Cramer mentioned Palantir Technologies as well.
He noted that while it is currently a “cold” stock, the company recently signed a multi-year, multi-million-dollar contract with Nebraska Medicine. Under the deal, Palantir will deploy its Artificial Intelligence Platform to enhance healthcare services. Finally, the “Mad Money” host recommended buying PG&E Corporation.
He declared the utility stock a solid investment regardless of potential rate increases. B of A Securities analyst Ross Fowler recently reinstated PG&E with a Buy rating and a $24 price target. Jim Cramer’s insights suggest positive prospects for Wells Fargo and PG&E.
He expressed cautious optimism for Iron Mountain and a watchful eye on Palantir’s future developments in healthcare technology.
