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Jim Cramer said on CNBC’s “Mad Money Lightning Round” that Wells Fargo & Company (NYSE:WFC) is going higher and that it is a “winner.”
On September 17, the San Francisco-headquartered bank launched specialized Application Programming Interfaces (APIs) for its corporate banking customers, expanding its API portfolio.
These APIs provide real-time access to data to boost sales, improve liquidity, reduce credit risk and lower costs for floorplan and channel finance customers across industries.
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“It’s up too much,” Cramer said when asked about Iron Mountain Incorporated (NYSE:IRM). “Let’s move on.”
On August 1, Iron Mountain reported better-than-expected second-quarter financial results, issued FY24 AFFO guidance that beat estimates, and raised its quarterly dividend.
Palantir Technologies Inc. (NYSE:PLTR) is a “cold” stock, Cramer said.
On September 17, the company signed a multi-year, multimillion-dollar contract with Nebraska Medicine. Under the deal, Palantir will use its Artificial Intelligence Platform (AIP) to improve healthcare through transformative technologies.
The “Mad Money” host recommended buying PG&E Corporation (NYSE:PCG). “That stock is a good stock with or without a rate hike,” he added.
On September 12, B of A Securities analyst Ross Fowler re-rated PG&E to a Buy rating and announced a $24 price target.
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This article Jim Cramer: This Utility Stock Is a Bargain, Wells Fargo Calls a ‘Winner’ originally appeared on Benzinga.com
