Green Shoots or Brown Shoots? Jim Cramer Weighs In

CNBC’s Jim Cramer is taking a closer look at the market’s recent performance and identifying signs of both strength and weakness. Cramer sees “brown shoots,” or companies that are underperforming despite the overall market’s positive momentum. These underachievers could potentially drag down the broader market if they continue to struggle.

Brown Shoots in the Market: Jim Cramer’s Analysis

CNBC’s ‘Mad Money’ host, Jim Cramer, recently addressed the emergence of ‘brown shoots’ in the financial market. These brown shoots signify signs of improvement amidst an overall bearish trend. Cramer explains the potential impact of these brown shoots on investors and the market’s future trajectory.

Tesla Soars Despite Cash Flow Miss as Cramer Cries Foul

Tesla and Boeing shares surged on Wednesday despite disappointing financials, prompting CNBC’s Jim Cramer to voice his disapproval. Tesla’s free cash flow plunged from $441 million in Q1 2023 to a negative $2.28 billion in Q1 2024, while Boeing reported a steep decline in its free cash flow. Cramer criticized investors for overlooking these negative cash flow figures, claiming it smacks of fiction. However, Tesla’s stock soared on optimism for a low-end model launch and Elon Musk’s emphasis on AI and robotics. Boeing shares also gained moderately as traders focused on the company meeting lowered expectations.

Cramer’s ‘Mad Money’ Lightning Round: Buy EPD, RXRX, CASY, AVGO, Sell PBR

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended selling Petróleo Brasileiro S.A. – Petrobras (PBR) and buying Enterprise Products Partners L.P. (EPD), Recursion Pharmaceuticals, Inc. (RXRX), Casey’s General Stores, Inc. (CASY), and Broadcom Inc. (AVGO). Cramer called Cheniere Energy, Inc. (LNG) “terrific.” Price action: PBR rose 0.1%, EPD fell 0.3%, CASY fell 0.1%, RXRX rose 1.3%, LNG fell 1%, and AVGO gained 2%.

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