Jim Cramer shares his thoughts on 5 stocks: Molson Coors, Freeport-McMoRan, Nike, Cisco and American Eagle

📆 09/04/2024 17:31:00
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Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.

Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Molson Coors : Goldman Sachs upgraded the beer maker to a buy rating and raised its price target to $75 per share from $66. The analysts declared TAP the "big winner of spring shelf resets." Jim Cramer said Tuesday beer retailers shuffle their shelf space allocations "twice a year.

Freeport-McMoRan : Bank of America started the international mining company with a buy rating due to high-quality copper leverage and exposure to gold, which has been making new highs. Cramer questions the call as being late: "Parabolic move" in March lows and the analysts say buy now? FCX hit a multiyear high Tuesday. Nike : Piper Sandler's semiannual teen buying survey is out. "Nike is continuing to lose share," Cramer said. Not surprising, he added.

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