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Banks (Finance)

Jim Cramer's Market Insights: Bank Shares, Target, and Boeing

Strategic Insights

— 1 min read

Jim Cramer provided his thoughts on the market, focusing on bank shares, Target, and Boeing, among other companies. He believes that banks will rebound after a Fed rate increase, citing Wells Fargo and Bank of America as good options. Cramer also highlighted Target as a name to own, given its low expectations and inclusion in the Action Alerts PLUS portfolio. Additionally, he expressed his interest in buying Boeing on a dip, due to the company's strong sales of its 737 model despite the wide-body jet glut.

Key Takeaways:

  • Cramer expects bank shares to move higher following a Fed rate hike, citing Wells Fargo (WFC) and Bank of America (BAC) as good options.
  • Cramer recommends Target (TGT) as a name to own, given its low expectations and inclusion in the Action Alerts PLUS portfolio.
  • Cramer believes Boeing (BA) could be a good buy on a dip, given its strong sales of the 737 model despite the wide-body jet glut.
  • Cramer is positive on Ulta Salon (ULTA) and expects its shares to move higher, potentially reaching $200.
  • Cramer is also positive on Altria (MO), citing the company's good business and expects its shares to move higher.
  • Cramer prefers Intel (INTC) and Lam Research (LRCX) over Micron (MU) due to their stronger fundamentals.
  • Cramer is cautious on Valeant (VRX) after its recent price increase, preferring Disney (DIS) over the company.
  • Cramer is not optimistic on Walmart (WMT) , recommending Target (TGT) instead.

Statistics:

  • Cramer believes bank shares will rebound after a Fed rate increase.
  • Wells Fargo (WFC) and Bank of America (BAC) are expected to perform well after the increase.
  • Target (TGT) is expected to benefit from its inclusion in the Action Alerts PLUS portfolio.
  • Ulta Salon (ULTA) shares could reach $200 according to Cramer.
  • Altria (MO) is expected to move higher due to its good business.
  • Boeing (BA) sales of the 737 model are strong despite the wide-body jet glut.
  • Intel (INTC) and Lam Research (LRCX) are preferred over Micron (MU) due to their fundamental strengths.
  • Valeant (VRX) has increased by 13 points recently.

Sources:

  • TheStreet
  • Action Alerts PLUS
  • Facebook (@JimCramer)
  • Twitter (@JimCramer)

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