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Cramer’s Lightning Round: Reddit is a buy

admin — Wed, 09 Oct 2024 23:24:19 +0000

Cava’s year-to-date stock performance.

Cava: “I like Cava very much…I don’t want you to buy it up here, I do want you to own it.”

Reddit’s year-to-date stock performance.

Reddit: “I like Reddit very much [buy, buy, buy!].”

Super Micro Computer’s year-to-date stock performance.

GE Healthcare’s year-to-date stock performance.

GE Healthcare: “I’d wait for another downgrade and buy more. I would not buy more right here.”

McCormick & Company’s year-to-date stock performance.

GlaxoSmithKline’s year-to-date stock performance.

Cadence Design Systems’ year-to-date stock performance.

Nextracker’s year-to-date stock performance.

Nextracker: “This is a loser. Maybe it can make a comeback…I got too enthusiastic about it.”

Equinor’s year-to-date stock performance.

Equinor: “I’m not encouraging buying in that sector.”

Accenture’s year-to-date stock performance.

Accenture: “I think Accenture’s a great buy here.”

Trump Media & Technology’s year-to-date stock performance.

Jim Cramer’s Guide to Investing

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Disclaimer The CNBC Investing Club Charitable Trust holds shares of GE Healthcare, Nextracker and Nvidia.

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Cramer’s Lightning Round: ‘Do not sell Cracker Barrel’

admin — Mon, 30 Sep 2024 22:58:20 +0000

Cracker Barrel’s year-to-date stock performance.

Cracker Barrel: “Julie Masino, she’s doing a great job…Please do not sell Cracker Barrel.”

BellRing Brands’ year-to-date stock performance.

BellRing Brands: “…I do not know BellRing, and I’ve got to do more work.”

Redwire’s year-to-date stock performance.

Redwire: “Everybody wants to be in the space business, and I’ve got to tell you, I don’t.”

Cava’s year-to-date stock performance.

Cava: “You got to hold Cava, and if it comes down, I want you to be able to buy more.”

Nextracker’s year-to-date stock performance.

Nextracker: “…This stock acts poorly…Until we see that next quarter, I am not going to want to trust Nextracker.”

HSBC’s year-to-date stock performance.

SharkNinja’s year-to-date stock performance.

Jim Cramer’s Guide to Investing

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nextracker.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

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Here are Friday’s biggest analyst calls: Apple, Dell, Wynn, Walmart, Best Buy, Costco, Netflix and more

admin — Fri, 27 Sep 2024 13:15:14 +0000

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Why analysts are calling Cava the next Chipotle

admin — Fri, 27 Sep 2024 12:00:01 +0000

Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. It posted a profit in its first quarterly report, repeatedly beat Wall Street’s earnings estimates and now boasts a more than $14 billion market cap, nearly 500% higher than its initial valuation.

Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill.

In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Revenue rose by 35.2% from the same quarter the year prior.

“Cava seems to have found a magic formula,” said Wedbush Securities restaurant analyst Nick Setyan.

Cava shares closed at $127.12 on Thursday and are up 211% this year.

One area where Cava may have gained an edge is pricing: it raised prices by 3% in January and has none planned for the rest of 2024. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. Other restaurant chains like McDonald’s have seen prices rise by nearly 40% since 2019 during a period of high inflation — making their meals less of a bargain relative to companies like Cava and Chipotle.

“You hear a lot about the value wars lately. And we think that that’s a misnomer, that it’s really those are discount wars,” said Schulman. “We think that value is a combination of attributes: the quality, the relevance and the convenience and experience of what you get. And for us, that’s the quality of our food. It’s the relevance of our Mediterranean cuisine.”

Cava has bucked industry trends at a time when fast food restaurant traffic and consumer spending are down, as many people, especially those with higher incomes, trade full-service and traditional quick-service restaurants (QSRs) for cheaper options, according to Setyan.

“Paying a Cava price versus, let’s say, the premium offering at a QSR burger,” said Setyan. “The prices are actually pretty comparable now. That’s also benefiting, you know, this sort of category including Cava.”

The company’s concept is similar to that of rival Chipotle’s: a customized meal prepared with fresh, high-quality ingredients, created in a fast, production line format. It has allowed Cava to be highly efficient with lower labor costs.

Cava’s model is just one reason investors keep comparing it to the burrito maker.

“No one had been able to kind of transform the Mexican category into a national chain, and Chipotle did that, said Setyan. “Cava is doing the same thing with the Mediterranean cuisine and concept.”

Watch this video to learn more.

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